LNG

Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland facing a A$18.4 billion (US$12.3 billion) buyout offer from a two-firm consortium led by Canada's Brookfield Asset Management, has agreed to extend the consortium’s “exclusivity” to the 16th of January 2023.

Norwegian energy company Equinor said plans have been agreed to invest $1.33 billion in upgrading the Hammerfest LNG plant, Western Europe’s only baseload export facility, and to extend its lifespan towards 2050.

Free ReadNextDecade Corp., the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a long-term sale and purchase agreement with Galp Trading S.A. of Portugal. NextDecade, based in Houston, said that under the 20-year deal Galp would purchase 1.0 million tonnes per annum…

Asia imported more LNG last month than in the previous month thanks to increased Chinese purchases, though overall deliveries to China fell in 2022 because of the high cost of spot LNG, with supplies confined to long-term contractual volumes and fixed at lower prices.