LNG

Glencore Plc, the London-listed company whose marketing business includes Australian coal and from next year US LNG from Cheniere Energy in Houston, said it expected the marketing division to make at least $3.2 billion in the first half of 2022 after the volatility that followed Russia’s invasion of Ukraine.

Australian LNG exporter Santos reported a boost in reserves and resources available for two of its liquefaction plants, the Gladstone facility on Curtis Island in Queensland and Darwin LNG in the Northern Territory.

Origin Energy, the Australian utility and shareholder with China’s Sinopec and ConocoPhillips in the Australia-Pacific LNG plant in Queensland, said revenues dropped during the quarter, driven by lower realised prices for long-term LNG and it was cutting back on coal-seam feed-gas output because of subdued demand.

Elixir Energy, a small Australian exploration and production company, has signed a non-binding memorandum of understanding to help develop a small-scale LNG plant in land-locked Mongolia, the East Asian nation bordered by Russia and China.

The Gladstone liquefied natural gas joint venture involving Santos of Australia, Petronas of Malaysia, Korea Gas Corp, and French major Total, plans to open up more Queensland coal-seam gas supplies to boost the long-term viability of the plant on Curtis Island.