LNG

Woodside Energy has brokered a deal with the Western Australian government to export nearly 3 mtpa more LNG from its Pluto liquefaction terminal in return for committing petajoules (PJ) of additional gas to the state's domestic market by 2029.

Japan’s second largest oil refiner Idemitsu Kosan has announced a $500 million investment in MidOcean Energy in a bid to enter the global LNG business. Idemitsu’s equity raise in MidOcean forms part of a $1.2 billion equity raise, with funds targeted at expanding LNG projects in Australia, Canada, South America.

The US Department of Energy (DOE) has authorized Venture Global to ramp up LNG exports from its Plaquemines terminal by an additional 0.45 billion cubic feet per day (Bcf/d) to non-free trade agreement (non-FTA) countries – a 13% increase.

Glenfarne’s $44 bill Alaska LNG project is seeing increased interest from Asian interests, due to the Middle East situation, company executives told Reuters on the sidelines of a Tokyo conference.