Australia is on track for record LNG shipments to remain the world’s largest exporting country, ahead of Qatar and the US, even in a year when two plants suffered long shutdowns and economies worldwide were slowed by the Covid-19 pandemic.
Australian LNG plant operator Santos has signed a binding long-term LNG supply and purchase agreement (SPA) for the Barossa gas project with Mitsubishi Corp., the prominent Japanese sector player with stakes in the US Cameron LNG plant in Louisiana and LNG Canada in British Columbia.
Free ReadChina Petroleum and Chemical Corp. (Sinopec), one of the main Chinese LNG importers, is taking volumes from Western Australia as well as its booked cargoes from the Australia-Pacific export plant in Queensland in the East of the country. The 159,800 cubic metres capacity carrier “Woodside Rogers” lifted a cargo around…
Operators in the LNG business are assessing the possible impact of the US Defense Department’s blacklisting of China National Offshore Oil Corp., the nation’s largest LNG importer, to its list of alleged “Communist Chinese military companies”, causing CNOOC shares to drop and further raising US-China trade tensions.
LNG cargo liftings increased worldwide for a fourth straight week and North Asia spot LNG prices were firm with January at $7.500 per million British thermal units as US LNG exports broke a monthly record and the North Sea Brent crude oil price hit its highest level since March.
Free ReadThe US Department of Energy has issued a rule to exclude some licensing and environmental requirements for liquefied natural gas export projects that had previously been required in a show of support for the energy industry by the Administration of President Donald Trump. The rule, which the Department of Energy…
Chevron Corp., one of the world’s leading LNG production companies with three operated plants in Australia and Angola, said it would spend $14 billion in 2021, mainly targeted at its upstream activities, including the US shale assets in the Permian Basin.
Russian natural gas giant Gazprom marked the first anniversary of the coming on stream of the first gas pipeline from Russia to China, regarded as competition for LNG, but details released of current pipeline operations and capacities show less than expected year-one deliveries.
Free ReadSempra Energy said it would exchange the publicly-held stake in its Mexican subsidiary and LNG plant developer IEnova for Sempra Energy shares and form a new North American infrastructure company grouping Cameron LNG in Louisiana, Costa Azul on Mexico’s Pacific Coast and the Port Arthur LNG project in Texas as…
The Hiranandani Group of India said its H-Energy subsidiary had entered into a binding commitment with Norway’s Höegh LNG for the supply of a floating storage and regasification unit (FSRU) to be deployed at Jaigarh Port in the West Coast Indian state of Maharashtra.