LNG

Free ReadWoodside Energy, the operator of the Northwest Shelf LNG project and Pluto LNG in Western Australia, has completed the sale of a 10 percent non-operating participating interest in the Scarborough Gas joint venture for US$910 million to the LNG Japan group. The completion follows Woodside’s announcement in August 2023 that…

PetroChina, the Chinese-listed and overseas unit of state-owned China National Petroleum Corp. and an LNG project stakeholder in Canada and Mozambique, reported an annual increase in net profits while revenues declined on lower commodity prices.

Trafigura Group, a market leader in the global commodities industry including LNG, petroleum and other products, has followed up its recent arranged revolving credit facility of over $5 billion from European and global banks by securing a huge “Samurai loan” from a syndicate of Japanese banks.

Tree Energy Solutions (TES), the future energy hub developer at the German North Sea port of Wilhelmshaven, said regulators had exempted the planned onshore liquefied natural gas terminal within the “Green Energy Hub” from tariff and third-party access regulations for a period of 20 years from the start of operations.