LNG

Beach Energy Ltd, the Australian company involved in the Waitsia LNG export project in the onshore Perth Basin of Western Australia and in other natural gas ventures in South Australia and New Zealand, posted a fiscal first-half loss as it awaited major project completions.

European natural gas markets are exploring more imaginative LNG and pipeline natural gas deals with land-locked Austria securing a five-year agreement for the supply of gas volumes into the newest LNG importing nation Germany’s virtual gas trading hub.

OMV Gas Marketing of Austria has signed an LNG supply agreement with Qatargas, the world’s largest production company, with shipments to be delivered over a period of five years to the Dutch import terminal at the Port of Rotterdam.

Oct 12 (LNGJ) - The Austrian river port of Vienna is one of the largest on the Danube River and will be the subject of growing LNG fuel use for barges, even as Austria remains dependent on Russian pipeline natural gas. Gazprom Chairman Alexey Miller has visited Austria for talks with Chancellor Christian Kern in Vienna and it was noted that Austrian gas imports from Russia rose 11.5 percent in 2015 and from January through October 2016, Russian gas supplies to Austria totalled 4.18 billion cubic metres, 23.8 percent higher than in the same period of 2015.