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Woodside Energy said on Monday it is not aware of any takeover proposal Exxon Mobil and is not engaged in any such discussions. There is no certainty Exxon will proceed with a bid, as both companies continue to collaborate on the Bass Strait project.
The Strait of Hormuz, a critical chokepoint for roughly 20% of global LNG supply, will reopen to shipping on Friday, June 19, after the US and Iran formally sign a peace deal to end the war, US President Donald Trump confirmed. Brent crude futures fell 4.1% in early trading on Monday on the news.
Golden Pass LNG Train 1 is still finding its feet, having exported only two cargoes to date – one to Belgium and one to Taiwan – with roughly 0.14 mpta combined, according to LNG Journal calculations. Unplanned maintenance is understood to hamper Golden Pass LNG’s ramp-up nearly two months after its inaugural cargo.
Shell has temporarily suspended its $3 billion share buyback programme, citing legal constraints linked to its pending acquisition of ARC Resources. The $16.4 billion deal would expand Shell’s position in the Montney Shale – a key source of feedgas supply for LNG Canada.
Delfin Midstream is close to signing a contract with Samsung Heavy Industries for the supply of the second and third floating liquefied natural gas (FLNG) vessels for its Delfin LNG export project in Louisiana.
Venture Global and Greece’s Atlantic-SEE LNG Trade have doubled the volume under their long-term supply agreement, raising the commitment to at least 1 mtpa of US LNG starting in 2030 for a two-decade tenure.
Australian energy giant Woodside has exercised its pre-emptive right to buy PetroChina’s 10.67% stake in the Browse gas field, blocking a deal with Japan’s Inpex. Browse is meant to underpin a development liking to Woodside’s North West Shelf LNG terminal, whose current gas resources are depleting.
D.Trading, the trading arm of Ukraine’s DTEK Group, has completed a delivery of U.S.-origin LNG to the Netherland’s Gate terminal in Rotterdam. Though volumes and origin of the cargo was not disclosed, the shipment underlines D.Trading growing involvement in the Atlantic Basin.
Three engines are pulling LNG demand higher, and none of them depends on how the Middle East conflict resolves. The first is North American power.
Deutsche Energy Terminal (DET) is preparing to commission its floating storage and regasification unit (FSRU) in Stade in September to facilitate LNG imports for the peak winter season.
