Australian owner of pipelines to LNG plants and other facilities gives update on China offer
Australian pipeline company APA Group that controls key connections across the country and to LNG export plants has updated shareholders on the A$13 billion (US$9.8 billion) takeover offer it received in June from a Chinese consortium.
Australia Pacific LNG export profits boosted by first-quarter average price of $8.10/MMBtu
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.
Australian Northern Territory lifts fracking ban and sees LNG opportunities for 2020s demand
Australian liquefied natural gas producers have welcomed the decisions by the Northern Territory government to lift a ban on hydraulic fracturing for onshore shale gas exploration and said it was an opportunity for the next LNG supply gap in the 2020s.
