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Chevron and its joint venture partners have approved the A$3 billion Gorgon Stage 3 development offshore Western Australia. The backfill project will connect the Geryon and Eurytion gas fields to existing infrastructure on Barrow Island. It will sustain output from a facility that has consistently exceeded its 15.6mtpa nameplate capacity since 2022, securing LNG exports to Asia and domestic gas supply through to 2070.
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The UK government has withdrawn $1.15bn in export credit support for TotalEnergies' Mozambique LNG project, citing increased risks. Combined with the Netherlands' similar withdrawal, European agencies have pulled $2.5bn in backing. Project partners will replace the funding with equity to maintain the 2029 restart timeline. Mozambique LNG is among the few African LNG projects capable of reversing the continent’s ongoing production decline.
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Vessel tracking data indicates Myanmar may have resumed LNG imports after four years, with the Dapeng Princess delivering a cargo from Malaysia to the repositioned CNTIC VPower EnergyFSU. The Chinese-backed operation follows January diplomatic discussions and suggests a framework addressing the forex problems that collapsed the original 2020-2021 import attempt.
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