Australia LNG news

Osaka Gas Co., Ltd’s group company has entered into a sales and purchase agreement with BP Developments Australia to acquire a 5% interest in the Browse project.

Santos has announced two new separate non-binding LNG agreements with POSCO Steel and Western LNG.

The Institute for Energy Economics and Financial Analysis has released an update of its Australian Gas and LNG Tracker.

Global gas demand reached a record 4202 billion m3 in 2025, while investment in diversification, LNG infrastructure, and storage helped the global gas system absorb a major 2026 supply shock far more effectively than in 2022, according to the 2026 Global Gas Report by Snam and the IGU.

Santos has entered into a binding agreement to acquire a 30% interest in the Meridian CSG project as part of a sale to the GLNG joint venture partners and has completed the sale of its interest in the Mahalo joint venture.

Rox Resources has selected EVOL LNG for the long-term supply of LNG at its Youanmi gold project in Western Australia.

Worley has been awarded a framework agreement with INPEX Operations Australia Pty Ltd to support its operations in Australia.

Santos has announced that Papua LNG remains on track for final investment decision in 4Q26 in its 2Q26 report.

Global LNG trade volumes increased 5.4% in 2025, driven largely by US LNG export capacity expanding to meet growing demand, according to a recent report from the International Group of Liquefied Natural Gas Importers.

Woodside has signed a sale and purchase agreement with Alcoa of Australia for the portfolio supply of 31.1 PJ of domestic gas from Woodside’s Western Australian operations from 2027 – 2030.