LNG

Australia's Origin Energy, whose shareholders in December 2023 rejected a takeover by North American private equity firms, reported solid quarterly revenues from Australia-Pacific LNG in Queensland as domestic electricity and gas sales also rose in power markets.

Origin Energy, a stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, said it agreed to sell its Ironbark gas project in Queensland to the APLNG project to provide additional feed-gas.

Santos, the Australian operator of the Gladstone coal-seam-gas-to-LNG plant in Queensland, said it would invest more than A$400 million (US$302M) with its partners in the Arcadia gas project in the inland Bowen Basin.

Gladstone LNG, the coal-seam-gas-to-LNG plant in the eastern Australian state of Queensland, plans to invest A$900 million (US$700M) in upstream development to underpin production and exports.

Jul 21 - The $18.5 billion Santos-led Gladstone LNG project, in which Total and Petronas each have has a 27.5% stake, needs more gas to get off the ground, according to Total's head of upstream oil and gas, Yves-Louis Darricarrere.

"We need and we are ready to buy (more gas) but there is a price limit and it is not really economical (at the moment)," he told Australian media, raising doubt on whether the GLNG project's two trains on Curtis Island can be realised realized as planned.
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Arrow, which has abandoned plans for a stand-alone LNG plant at Gladstone, had been courted by GLNG but no deal is imminent. As an alternative to buying third party gas, GLNG was looking at acquiring more Queensland exploration ground, Darricarrere said.