The Methane Spirit LNG carrier is transporting the cargo to Tokyo Electric Power Company in Japan, the recipient of the first LNG cargo in May 2014.
More than 7 MMt of LNG have been exported since the Read More
For retailers and pipeline businesses, this is a concern. Higher prices, particularly in NSW where the penetration of gas is relatively low, could push the gas sector into a cycle of lower demand and higher Read More
IBISWorld Senior Industry Analyst Spencer Little said it is anticipated that 2015-16 will offer a much rosier picture for some of the nation’s largest industries, including oil and gas extraction.
“Additional Read More
The firm is forecasting a surplus of approximately 18 Bcm of LNG contracted to China across 2015-17.
While the Chinese gas market looked set to continue its pace of growth 12 months ago, with an average Read More
The new date for completion of the conditions in the agreement to supply 40 MMt of LNG is now on or before 30 June 2018.
The LNG sales agreement, signed by both parties in March 2011, followed a memorandum Read More
However Australian consumers of the energy resource could be left to foot the bill.
ANZ’s latest report on the LNG industry states that exports will rise to some $50 billion by 2020 as production Read More
The IEA has flagged a prolonged oversupply of oil in the global market, resulting in continued low oil prices.
The IEA’s Oil Market Report for August warned that if Organisation of the Petroleum Read More
The data, released yesterday, shows LNG shipments from the Port of Gladstone reached $849 million as at 30 June after only commencing export operations officially in January.
The promising LNG result was Read More
According to the wire news service, Gladstone LNG, led by Santos, cargoes are expected to be sold to market well before its long-term obligations commence.
Gladstone is slated to commence production and Read More