China energy giants in talks for Shell’s Russian gas stake
China’s key state-run energy companies are in talks with Shell to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.
LNG
BP confirms shutdown of Tangguh LNG Train 2
BP (LON:BP) has temporarily shut down operations at its second liquefied natural gas (LNG) export train at the Tangguh complex in Indonesia following mechanical irregularities. The Tangguh Train 2 plant has a processing capacity of 3.8 million tonnes per year of LNG.
Maersk Drilling lands extension at giant Ichthys field
Maersk Drilling has landed a one-year contract extension with INPEX at the giant Ichthys field off Australia.
JGC wins Taiwan LNG terminal construction deal
A consortium led by Japan’s JGC has won a construction deal for LNG terminal facilities in Taiwan from state-backed CPC. Significantly, JGC is hoping to win follow-up work in Taiwan as the country expands its LNG infrastructure.
Ichthys legal spat settled says KBR
KBR said it expects to receive a total of $271 million under a tentative settlement with a consortium that included GE and Australian construction giant CIMIC Group in a contract dispute over work at the Inpex-operated Ichthys project in Australia.
EnerMech wins five-year deal for Inpex Ichthys LNG
Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.
China slashes LNG purchases on high prices and pandemic slowdown
China is slashing liquefied natural gas (LNG) purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand.
Shell restarts Prelude floating LNG offshore Australia
Shell (LON:SHEL) said today that exports of liquefied natural gas (LNG) cargoes have resumed from its Prelude floating LNG (FLNG) facility offshore Australia. This will help ease the pressure on the tight regional market for LNG.
China signs another deal to buy US LNG
US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks.
Woodside’s Scarborough LNG bags key approvals
Woodside’s Scarborough gas field development offshore Australia that will feed an expanded Pluto LNG export complex has received key primary approvals from the Commonwealth-Western Australian Joint Authority to support execution of the project.
Now is not the time to build new LNG import terminals in Asia, study warns
For price-sensitive liquefied natural gas (LNG) buyers in Asia, now is not the time to build new LNG import terminals, according to the latest study from the Institute for Energy Economics and Financial Analysis (IEEFA).
China gas buyers seek cheap Russian fuel shunned by the world
China’s top liquefied natural gas (LNG) importers are cautiously looking to purchase additional Russian shipments that have been shunned by the market in a bid to take advantage of cheap prices.
The price for Europe to wean off Russian gas keeps going up
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
JERA opens Singapore company to renegotiate LNG deals
JERA, the world’s largest buyer of liquefied natural gas (LNG), has established a new subsidiary JERA LNG Portfolio Strategy in Singapore, which offers a strategic base to maximise the value of JERA’s LNG portfolio.
World’s scramble for energy drives Australian exports to record
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster.
Uncertainty for South Korea LNG imports as nuclear energy embraced
Following presidential elections earlier this month, energy-short South Korea looks set to pivot back towards nuclear power, leaving the outlook for liquefied natural gas (LNG) imports less certain.
Woodside to deliver more LNG cargoes after Pluto gas processing starts
The processing of gas from the offshore Pluto fields has started ahead of schedule at the North West Shelf Project’s (NWS) Karratha gas plant (KGP), Woodside reported today. This accelerated production of Pluto gas has been enabled by the start-up of the Pluto-KGP Interconnector.
Most Japanese back nuclear for first time since Fukushima
For the first time in more than a decade, a narrow majority of Japanese now support restarting idled nuclear reactors, according to a poll in the country’s top business newspaper.
Santos unveils new climate strategy
Santos (ASX:STO) today released its 2022 Climate Change Report which sets out the Australian company’s latest climate transition strategy and action plan to become a net-zero emissions energy and fuels business by 2040.
Gazprom asks GAIL to pay for gas imports in euros
Gazprom has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict, reported Reuters.
Indigenous Australians take South Korea financiers to court over Barossa LNG project
Traditional landowners in Australia’s Northern Territory have launched legal action against South Korea’s export credit agencies in an attempt to block funding for the Santos-led $3.6 billion Barossa gas project, which will backfill the Darwin liquefied natural gas (LNG) export plant.
China LNG imports from Russia doubled in February as demand fell
China imported twice as much liquefied natural gas (LNG) from Russia last month than a year earlier, despite weakened appetite for spot purchases because of high prices.
Indonesian tycoon’s firm to spend $500 million on Canada LNG
An energy company backed by Indonesian tycoon Sukanto Tanoto plans to spend $500 million this year on a long-planned liquefied natural gas (LNG) project in Canada, the clearest signal yet that it may move ahead with an LNG export facility on the country’s west coast.
LNG market gets boost as Mubadala starts first gas from Pegaga in Malaysia
The outlook for liquefied natural gas (LNG) production in Asia has taken a positive turn following Mubadala Petroleum starting first gas flows from Pegaga to the Petronas-led Bintulu LNG export complex in Malaysia.
Positive news for Asia LNG as Shell gets green light to restart Prelude FLNG
Australia’s offshore regulator has given approval for Shell (LON:SHEL) to restart its Prelude floating liquefied natural gas (FLNG) facility after the unit was forced to shut down last December due to a fire onboard following a power outage. Significantly, this will help ease the pressure on the tight regional market for liquefied natural gas (LNG).