Australian energy company Santos, operator of the Gladstone LNG plant in Queensland, has received competition clearance from regulators for its US$2.15 billion takeover of Quadrant Energy whose operations are centred on Western Australia.
US natural gas spot prices rose at most locations with the benchmark Henry Hub hitting $4.59 million British thermal units amid working gas storage concerns and high seasonal demand, including for new liquefied natural gas Trains coming on stream on the Gulf Coast.
Singapore LNG cargo indices held their ground through December and January as strong regional demand held sway in North Asia over global oil price falls as prices were quoted at up to US$11.883 per million British thermal units.
Despite newbuild deliveries at an all-time high and a closed West-East arbitrage window, spot market rates are presently at an all-time high and there is optimism in the industry, according to the small Norwegian fleet owner Awilco.
Royal Dutch Shell and Santos, the operators of two LNG export plants in eastern Australia, Queensland Curtis LNG and Gladstone LNG, plan to work in partnership on new coal-seam gas acreage in the Surat and Bowen Basins.
Australia is expected to soon assume the title of the world’s largest LNG exporter and the Japanese Prime Minister Shinzo Abe will formally open the Japan-led Ichthys LNG export joint venture plant near Darwin on November 16 that will help make it happen.
Air Products, the US LNG equipment-maker and industrial gas company, and Algerian state-owned oil and gas company Sonatrach have signed two gas production and delivery agreements.
The LNG and natural gas markets are taking no heed of the crashing oil market that has dropped more than $20 per barrel in a month, while the benchmark US Henry Hub natural gas price jumped to the highest level of 2018 along with other gas prices in Europe and…
US regulators have prepared a draft environmental impact statement for the Plaquemines LNG export plant proposed for the banks of the Mississippi River and its associated Gator Express Pipeline system.
JGC Corp. of Japan, one of the leading global energy engineering companies, has given a frank assessment of the risks posed by some overseas projects in terms of potential losses and outlined its activities and plans for the LNG Canada project, Ichthys LNG In Australia and the Russian Yamal LNG…