LNG

Tokyo Gas, the second-largest Japanese LNG importer, has agreed to sell stakes held in four out of five LNG export projects in Australia, to the US-based private equity firm EIG Global Energy Partners.

Australian LNG stakeholder Santos, the company that was the subject of takeover interests from the US, the Middle East and China from 2015 to 2018, said that the Chinese ENN Group which had formed a strategic relationship with Santos from that era was no longer a significant shareholder.

Fluxys LNG, the operator of the Belgian import terminal in Zeebrugge, said it successfully closed an open season for additional regasification capacity and would now go ahead with installing new infrastructure

“During the binding window of the open season, the full 6 million tonnes per annum, or 10.5 gigawatt hours, of capacity on offer has been subscribed,” said Fluxys, without disclosing the successful bidders.

The company stated that as a result of the regasification take-up it was able to make a final investment decision to build the additional infrastructure required at the Zeebrugge facility.

Fluxys said the additional regasification capacity would be provided in two steps.

Firstly, from early 2024, a total of 4.7 MTPS (8.2 GWh/h) of additional regasification capacity will be available.

Secondly, as from early 2026, the full 6 MTPA (10.5 GWh/h) of additional regasification capacity would be taken up.

Fluxys Belgium also operates the high-pressure natural gas transmission network as well as other natural gas storage infrastructure.

Fluxys assets also include a stake in Dunkirk LNG in France as well as the Trans-Adriatic Pipeline.

The company in January 2021 also agreed to buy a minority stake from the equity fund, EIG Global Energy Partners (EIG), in a gas system operator in Brazil.

The deal is for part of the Brazilian utility, Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which is the owner and operator of a 2,600-kilometres pipeline system in the southern part of the South American country.

Fluxys and TBG are also exploring further strategic cooperation in Brazil’s gas infrastructure market.

US private equity firm Harbour Energy has raised its offer to $US10.8 billion ($A14.2Bln) for Santos, the stakeholder in three Asia-Pacific LNG export ventures, provided the Australian company puts in place hedging for the soaring oil price.

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.

Santos, the Australian stakeholder in three Asia-Pacific LNG export ventures, has responded to rising speculation that a US$10.4-billion takeover offer from Harbour Energy, a subsidiary of US equity firm EIG Global Energy Partners, is set to proceed.

Australian energy company Santos, a stakeholder in three Asia-Pacific LNG export ventures, has received a US$10.4-billion takeover bid from Harbour Energy whose Chief Executive is Linda Cook, a former senior executive at Royal Dutch Shell.

Kinder Morgan, the US pipeline company, has received permission from US regulators to advance with further work on storage for its export project at Elba Island near Savannah in the state of Georgia.

Kinder Morgan, the US pipeline company, has taken investment fund firm EIG Global Energy (EIG) as its partner in the US LNG export project at Elba Island in the state of Georgia.