Articles tagged Australia

Shell plc and PetroChina Co. Ltd. are moving ahead with plans to develop the second phase of the Surat Gas project in Queensland, Australia.

Chevron Corp. said Tuesday it has shut down LNG production at its Wheatstone export terminal in Western Australia for repairs at a time when other outages are keeping the global natural gas market tight.

Australia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050.

Freeport LNG has confirmed that all three trains at the Texas export facility are back online after months of maintenance that limited natural gas flows to the facility.

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.  

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production.

Santos Ltd. and Woodside Energy Group Ltd. have decided not to pursue merger talks that could have created an Australian LNG super giant reportedly worth $52 billion.

Australia’s two largest energy companies confirmed Thursday that they’re in preliminary discussions to explore merging in a deal that could create one of the world’s leading LNG exporters. 

Woodside is further diversifying its LNG portfolio with more U.S.-sourced gas from a new supply agreement with Mexico Pacific Ltd. (MPL), tallying another major offtaker for the proposed Mexican terminal.

Australia’s domestic natural gas shortages on the largely populated east coast are helping fuel demand for four LNG import projects, placing one of the world’s largest gas exporters on track to become an importer by 2026.