Australia LNG news

Santos has signed a Letter of Intent (LOI) to sell a stake in the Barossa Field project to JERA.

Woodside has achieved an important regulatory milestone for its Scarborough gas development offshore Western Australia.

In response to recent market conditions and global events, Woodside has released a statement outlining actions that it is taking.

Santos has provided an update on the measures it is taking in response to COVID-19 and the current lower oil price environment.

Santos agrees to sell a 25% interest stake in Darwin LNG and Bayu-Undan to SK E&S.

Australia’s competition watchdog has forecast that Eastern Australia will have an ample supply of natural gas in 2020, although prices will still be higher than expected.

According to Reuters, Royal Dutch Shell has temporarily brought a halt to cargo liftings from the Prelude floating LNG unit.

According to Reuters, output from Australia’s largest LNG plant – the North West Shelf project – is set to return to full production in the next few days.

According to Reuters, Woodside Petroleum Ltd has announced that the coronavirus outbreak is affecting its ability to sign gas deals and sell stakes in a key growth project, reporting a 25% decrease in annual underlying profit.

Peter Kiernan, the Economist Intelligence Unit, Singapore, takes a detailed look at the Australian LNG market.