Australian LNG operator Santos reports fall in sales as Darwin shipments decline along with Asia-Pacific prices
Australian liquefied natural gas plant operator Santos reported a decline in LNG sales income as production and Asia-Pacific prices fell and the Darwin plant continued to suffer feed-gas issues.
Australia shipped fewer LNG cargoes in January and none were sent to Europe as premium not high enough
Australia shipped fewer liquefied natural gas cargoes in January than it did in the previous month with demand ebbing in North Asia as inventories grew and spot cargo prices increased, though the rise of European values did not attract any Australian shipments.
Australian LNG operator Santos given state approval for Narrabri Gas Project to supply New South Wales
Australian LNG plant operator Santos said it welcomed the New South Wales Independent Planning Commission (IPC) decision to give the go-ahead for its Narrabri Gas Project and thanked the local community for its strong support over many years.
Australian LNG export values driven higher by oil to an annual US$31.3 billion by 2019-2020
The value of Australia’s LNG exports is forecast to increase by around 36 percent over a two-year period to A$42.4 billion (US$31.3Bln) in 2019-20, driven by bigger volumes and higher prices as the crude oil pushes up the value of long-term contract shipments.
US equity unit of EIG Global makes US$10.4Bln binding bid for Asia-Pacific LNG player Santos
Santos, the Australian stakeholder in three Asia-Pacific LNG export ventures, has received a binding bid from Harbour Energy, a subsidiary of US equity firm EIG Global Energy Partners, confirming an original offer of $US10.4 billion ($A13.8Bln) with a number of changes relating to large Chinese shareholders.
Marubeni and Jera of Japan join with Australian group to plan floating LNG facility near Sydney
Japanese companies Marubeni Corp. and Jera Co. Inc. have joined an Australian investment and energy group to reveal plans for a liquefied natural gas import facility near Sydney to make up the domestic natural gas shortfall on the East Coast.
