Australian LNG operator Santos reports decline in cargo revenues in Asia as prices fall amid Darwin plant slowdown
Australian liquefied natural gas plant operator Santos reported a decline in LNG sales income as production and Asia-Pacific prices fell and the Darwin plant continued to suffer feed-gas issues as the supplying field depleted.
US firm Harbour Energy raises Santos offer to $US10.8Bln for higher oil price and LNG values
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.
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.
Chinese LNG monthly imports almost double as nation is outlet for additional Australian volumes
Chinese liquefied natural gas imports almost doubled in September as supplies expanded and flowed wider in Asia from new liquefaction and export volumes in Australia.
Queensland jobs at risk as LNG prices surge
Jul 22 - By 2021, more than 14,000 manufacturing jobs could be lost in Queensland, if domestic gas prices continue to increase amid a boom in LNG exports, the Australian Industry Group warns.
The lobby group's head Innes Willox stressed the flipside of lucrative LNG exports would be potential domestic gas shortages and Queensland risks losing about $30 billion out of its manufacturing sector by 2021 unless there is some policy change.
