Asian LNG Prices rises by 20% as Demand Returns
The spot price of liquefied natural gas (LNG) in Asia has surged by more than 20 percent in one week after demand in key importers China and South Korea picked…
Shell Pushes Forward With $6.4 Billion Gas Project Despite COVID-Crisis
Shell has announced the final investment decision on the $6.4-billion Surat Gas Project in Queensland, Australia, the company said in a press release. The project will produce some 90 billion cu ft…
Silver lining for Asian LNG market after oil price crash
Lower long-term LNG prices could encourage coal-to-gas switching in Northeast Asia, while Chinese LNG demand is also expected to expand this year, albeit at a slower rate, as China gets…
Australia May Need LNG Imports from 2024
Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the…
Australia: Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M
Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from…
Inpex awards Fugro with survey contract for Abadi’s LNG Project
Fugro said on Thursday that it would perform geophysical and geotechnical surveys and the associated studies needed to support front-end engineering design (FEED) for offshore production facilities and the subsea…
Worley Wins Mozambique Contracts from Total
Total E&P Mozambique Area 1 Limitada has awarded Worley two master service agreements (MSAs) to provide services to the Mozambique LNG Project, Worley reported late last week. “We are pleased…
UAE finds 80 tcf gas field, the world’s largest since 2005
Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates aim to push the…
China’s CNOOC Refuses Cargoes Amid Virus Outbreak
China National Offshore Oil Corporation (CNOOC), the country’s largest importer of liquefied natural gas (LNG), has declared force majeure on deliveries of LNG cargoes and will not be honoring some…
Global LNG oversupply set to continue until mid-year
Oversupply in the global liquefied natural gas (LNG) market could continue until the middle of the year but then ease as demand from southeast Asia and India picks up, an…