LNG

Feb 28 (LNGJ) - Strike Energy, the Australian exploration and production company in the onshore Perth Basin of Western Australia, noted in its latest earnings that energy players were awaiting a decision on whether the state would be banning the export of onshore gas as LNG amid forecasts of a shortage of domestic gas in the coming years.

   Strike Energy said that the natural gas warnings came as 2023 was deemed the worst year for gas exploration activities in the state of WA for the last 25 years. Strike said that its Walyering gas field in the Perth Basin started production in the fiscal first quarter with gas and condensate generating A$8.13 million (US$5.32M) in revenue for the company. WA state spot natural gas prices were relatively stable at an average of the equivalent of around US$6.20 per million British thermal units during the period.