Australia LNG news
Wood Mackenzie: Global LNG market needs 90 million tpy of additional supply by 2035 to meet booming demand
Massimo Di Odoardo has told delegates at Wood Mackenzie’s Gas, LNG and the Future of Energy 2023 conference that volatility is now a market constant.
Venice Energy and Origin Energy reach exclusivity agreement for South Australian LNG terminal
Venice Energy and Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide.
LNG export benefits a reminder of need for regulatory approval certainty
Australia’s oil and gas sector says strong future LNG export earnings underscore the need for regulatory certainty in areas such as project approvals to encourage new gas supply investment.
KBR awarded project management contract for Pluto LNG
KBR has been awarded an EPC management contract by Woodside Energy, as operator for and on behalf of the Pluto joint venture.
EIA: Three more countries began importing LNG this year, and more will follow
The U.S. Energy Information Administration estimates that global LNG import capacity is set to expand by 16% by the end of 2024 compared with 2022.
TotalEnergies acquires a 26% interest in the Cash-Maple gas discoveries for long-term supply of Ichthys LNG
TotalEnergies and INPEX have signed an agreement with PTTEP in order to acquire the 100% interest held by PTTEP in the AC-RL7 permit in Australia.
Joint statement on accelerating methane mitigation from the LNG value chain
On 16 August 2023, Australia, Canada, Chile, Indonesia, Japan, the Republic of Korea, New Zealand, Papua New Guinea, Peru, Chinese Taipei, and the US met through their representatives to reiterate their commitment to the Global Methane Pledge.
Woodside to sell 10% Scarborough interest to LNG Japan
Woodside has established a strategic relationship with LNG Japan, which involves three elements: equity in the Scarborough joint venture, potential LNG offtake, and collaboration on opportunities in new energy.
Tamboran LNG awards Wood contract for NTLNG concept select
Tamboran Resources has awarded Wood the contract to undertake the concept select engineering phase for the proposed Northern Territory LNG development in Darwin, Australia.
LNG exports continue to boost Australia’s economy
The Federal Government’s Resources & Energy Quarterly shows LNG export earnings were revised up to a record AUS$92 billion over the past financial year, as part of a AUS$460 billion return for the resources sector.