LNG

Australian natural gas explorer Elixir Energy has given a positive update on expanding activities in Queensland’s onshore Bowen Basin, which supplies feed gas for LNG plants and could potentially help avert a security of supply crisis on the East Coast.

June 9 (LNGJ) - Tamboran Resources, an Australian oil and gas exploration and production company, said the government of Australia’s Northern Territory had provided the company with exclusivity over a 170-hectares (420-acres) site for a proposed LNG development using feed gas from the Beetaloo Basin.

   Tamboran said it was proposing the NTLNG project with an initial capacity of 6.6 million tonnes of LNG per annum and with the potential for expansion subject to completion of a concept selection study, successful Beetaloo appraisal drilling and flow testing and other government approvals. “NTLNG represents the first fully integrated onshore LNG development in Northern Australia where upstream, midstream and downstream production and processing are based in the Northern Territory,” Tamboran said in a statement to the Australia Securities Exchange where it is listed on the OTC market.

Empire Energy Group Ltd, the small Australian exploration and production company, has seen its shares rise by 19 percent since a regulatory breakthrough in the onshore Beetaloo Basin of the Northern Territory and since its discovered natural gas resources were independently revised to an LNG-scale asset.

Sept 21 (LNGJ) - Origin Energy, the Australian utility, has agreed to sell its 100 percent interest in its Beetaloo Basin shale gas assets in the Northern Territory. Origin said it was exiting its upstream exploration permits but would share any future profits and would retain its valuable Australia Pacific LNG stake in Queensland where it is upstream feed-gas provider and ConocoPhillips is the plant operator.

   The Sydney-based utility said agreements had been reached to sell the Beetaloo assets to Australia’s Tamboran Resources and its partners for A$60 million (US$40.2M) and with a royalty on future production over the life of the field. “Origin has also executed a gas sale agreement for offtake of future gas production,” it added.

Australia, the world’s largest LNG exporter, plans to secure natural gas resources out to 2040 and beyond under a new energy plan to open up four new onshore Basins for the domestic market and to boost investment in new pipelines and infrastructure.

Origin Energy, the Australian utility and upstream supplier for the Australia-Pacific LNG export plant in Queensland, whose other shareholders are ConocoPhillips and Chinese major Sinopec, said its share of quarterly LNG sales rose by 8 percent to 828,700 tonnes from the total of 31 cargoes shipped from the facility.

Origin Energy, a shareholder in the Australia Pacific LNG export plant in Queensland along with Sinopec of China and ConocoPhillips, said the facility shipped 30 cargoes in the first quarter as its own nine-month revenues soared from LNG and natural gas revenues.

Origin Energy, the stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, warned it was taking a A$533 million (US$420M) after-tax charge for the first half of its 2018 fiscal year when results are released on February 15.

Origin Energy, the stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, said it aimed to help stabilize the country’s domestic natural gas market by developing the Ironbark coal-seam gas project in Queensland and a shale-gas venture in the Northern Territory.