The LNG 18 conference in the Australian city of Perth gets down to serious business on April 12 and will hear speeches from the heads of three of the largest participants in the global liquefied natural gas industry, Chevron Corp., Royal Dutch Shell and Australia’s Woodside.
Australian Prime Minister Malcolm Turnbull welcomed delegates to the 18th International Conference and Exhibition on Liquefied Natural Gas at an evening reception on April 11 and in his speech mentioned the challenges of lower prices and higher volumes in the LNG market.
The price of spot liquefied natural gas cargoes imported into Japan amounted to $6.00 per MMBtu last month compared with $7.60 per MMBtu in the year-ago period as the worst effects of the oil slump began to level off in the market.
Australia’s largest LNG operator Woodside and the Korea Gas Corp., the state-run company with three import terminals, have signed an agreement for more cooperation in various areas of the natural gas and LNG sectors.
A leading Australian energy industry executive, Grant King, told the LNG 18 conference in Perth that while $200 billion had been spent in building Australia up to bethe largest liquefied natural gas producer by 2018, the operators and stakeholders will be spending the same again in supporting these assets for…
The developer of the Jordan Cove LNG export project in the US Northwest state of Oregon, recently rejected by US regulators for lack of market support, has signed a tolling capacity agreement with one of the largest Japanese trading houses after recently signing up the Asian nation’s two biggest utilities.
The LNG 18 conference is starting in Perth, Western Australia, with the current challenging times for the industry because of the oil price slump being addressed at a press conference by the US President of the International Gas Union, David Carroll, and other senior figures in the sector.
LNG cargoes originally earmarked for the Asia-Pacific market may be moving to Europe next year and in 2018 with Asian spot prices trading at a discount to the UK National Balancing Point natural gas benchmark price.
Opinion is growing in the Canadian Province of British Columbia that amid a global LNG and natural gas glut and fierce opposition from environmentalists in Canada and some Native North America First Nation leaders time has run out for most liquefaction plant and export projects.
Gaz Metro, the largest natural gas distribution company in Quebec with its network of over 10,000 kilometres of underground pipelines, has welcomed the French-speaking Canadian province’s new energy policy that will underpin increased use of liquefied natural gas as a fuel for road and marine transport and small-scale distribution.