JERA has acquired the entire stake held by Japan Organization for Metals and Energy Security in Pan Pacific Energy (JOGMEC), the company through which JERA holds its interests in Wheatstone LNG project. The transaction raises JERA’s ownership in the Australian LNG export terminal to 50.1%, and strengthens its position in one of its key long-term LNG supply sources.
Chevron has agreed to supply 46 petajoules of pipeline gas to Alinta Energy from July 1, 2027, drawing its equity interests in the Gorgon, Wheatstone and North West Shelf LNG projects. The accord covers pipeline gas, not LNG export cargoes, as the competition between local supply obligation and LNG exports intensifies.
US major Chevron Corp., a key operator of LNG export plants in Australia and Africa, reported third-quarter earnings of $6.1 billion, the highest in more than eight years and expressed optimism over natural gas markets and future LNG operations.
An Australian liquefied natural gas cargo is heading to an import terminal in Mexico, reflecting the unbalanced state of regional markets hobbled by high inventories and low prices.
US LNG and energy engineering company McDermott International and Baker Hughes-GE have signed an accord with Western Gas Corp. in Western Australia for its Equus natural gas project to provide volumes for LNG production and the domestic market.
Chevron Corp. said production was on stream at the second processing Train at the onshore Wheatstone LNG plant in the Pilbara region of Western Australia, bringing the Australians closer to surpassing the world's largest exporter Qatar in LNG output.
Japanese LNG buyer, Jera Co Inc, the joint venture between Tokyo Electric Power Co. (Tepco) and Chubu Electric has unloaded the first shipment at a Tokyo Bay terminal from Chevron’s Australian Wheatstone export plant.
Western Australian, the state hosting three liquefied natural gas export plants and with a fourth, Wheatstone LNG, set to come on stream shortly has been urged to cancel an inquiry into hydraulic fracturing for shale gas as a waste of time and money and a cause of uncertainty that is “strangling” the onshore gas industry.
Australian LNG export plants performed strongly last month with the established West Coast facilities, North West Shelf, Pluto and Darwin all producing at above contract levels, while the new Gorgon plant continued to ramp up.
Australian engineering company WorleyParsons, whose past projects have included working on the Singapore LNG import terminal and liquefaction plants in Western Australia such as Wheatstone LNG, has signed a long-term, multi-regional agreement with Chevron for engineering and procurement services.