by Dan Murtaugh (Bloomberg) Americans wondering what life with liquefied natural gas exports will bring can look to eastern Australia for a worst-case scenario. As Australia is set to overtake Qatar as the world’s largest exporter of LNG, its domestic market is showing growing vulnerability to price spikes. In July, with cool weather boosting heating demand, … [Read more...]
Mechanical Problems Halt LNG Exports from Gorgon Mega-Project
By Henning Gloystein SINGAPORE, April 4 (Reuters) - Chevron's massive Gorgon liquefied natural gas (LNG) facility in Australia has hit technical difficulties, a spokesman said on Monday, resulting in a temporary suspension of exports less than a month after it started first production. Chevron's $54-billion project began producing LNG for export on March 7, but has since … [Read more...]
Global War for Gas Market Share Claims $40 Billion LNG Casualty
By Naureen S. Malik and Stephen Stapczynski (Bloomberg) -- The global LNG boom is turning into a war of attrition amid a glut in the seaborne natural gas market. The conflict spanning from Australia to Qatar to the U.S. claimed a major casualty this week when Woodside Petroleum Ltd., with partners Royal Dutch Shell Plc and BP Plc, scrapped plans for the $40 billion Browse … [Read more...]
Australia Pacific LNG Ships First Cargo from Curtis Island Export Facility
Australia Pacific LNG has shipped the first liquefied natural gas (LNG) cargo from its new LNG export facility on Curtis Island in Queensland, Eastern Australia. The LNG carrier, the Methane Spirit, departed Australia Pacific LNG’s facility on Saturday, January 9. Australia Pacific LNG CEO, Page Maxson, said the departure of the LNG vessel marks over four … [Read more...]