As the election approaches, Australia's richest woman says she wants Trump like reforms
Gina Rinehart, a mining magnate in Australia, is calling on the country to adopt a Donald Trump-style of leadership and cut government spending while increasing defence expenditures and energy security. The country will be voting this weekend. Rinehart, a vocal Trump supporter, attended the inauguration party of President Trump in Mar-a-Lago, Florida, in January. She said that Australia would benefit more from adopting a similar strategy to "whine and complain" about Trump's policies. Rinehart…
Australian shares end five-day rally after miners drag; Woolworths increases consumer staples
Australian shares fell on Thursday, ending a five-day rally, as mining stocks weighed down the benchmark. Consumer staples rose, led by Woolworths, the country's largest grocer, which reported better-than expected third-quarter sales. By 0040 GMT, the S&P/ASX 200 Index was down 0.1% to 8,116.10 point. The benchmark index rose by 0.7% on Tuesday. The local exchange saw the biggest drop in the benchmark index, with a 1.6% decline, as the iron ore futures fell amid fears of steel production cuts by China, the top steel consumer.
Woodside Energy, Australia signs LNG deal with BP to supply Louisiana project
Woodside Energy, a major Australian oil and natural gas company, announced on Wednesday that it had signed a deal with BP under which the British energy company would supply natural gases to its Louisiana liquefied gas project (LNG). Woodside, in a press release, said that the Louisiana project will buy a maximum of 640 billion cubic foot of gas over a long term basis from the integrated energy giant. However, it did not reveal any financial details. Woodside acquired Tellurian last year for $1.2 billion to develop in four phases the 27…
Origin Energy Australia reports a 10% decline in revenue for Q3 due to lower APLNG prices
Origin Energy reported a 10% decline in revenue from its Australia Pacific LNG Project (APLNG), as falling LNG prices and lower LNG volumes impacted the top line. Since the beginning of 2025, prices of liquefied natural gases have been under pressure due to a tepid winter season in Asia. This has been exacerbated by fears of a global economic recession following President Donald Trump's tariff policy. Origin realized $11.31 per million British thermal unit (mmBtu), for its LNG from the APLNG Project in Queensland. This compares to $12.20 in the second quarter.
Woodside greenlights $17.5 billion US LNG project, targets 2029 start
Woodside Energy, a company based in Australia, has made the final investment decision for a Liquefied Natural Gas project (LNG) in Louisiana. The total capital expenditures (capex), which is estimated at $17.5 billion, are included. The announcement follows last week's statement by the oil company that it was assessing U.S. trade measures and tariffs on its Louisiana project in order to give it a final approval. The project's three separate processing units, or trains, with a 16.5 million-ton-per-annum (Mtpa) capacity, are expected to begin production in 2029.
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has been at the forefront of President Donald Trump’s agenda when dealing with Asian partners. He wants Japan, South Korea, and Taiwan to support this massive project.
Woodside Energy's revenue for the first quarter of 2013 jumps by 13% thanks to Senegal project.
Woodside Energy, Australia's largest gas producer, posted a 13% increase in its first-quarter revenues on Wednesday. The growth was boosted by the start-up of Senegal's Sangomar Project in July 2024 as well as strong gas hub-linked prices. The gas-hub-linked prices from which Woodside benefitted are determined by trading in specific natural-gas hubs. This is different from oil-linked pricing, which typically follows crude oil market trends. The average realized price for the third quarter was $65 per barrel equivalent (boe), an increase of 3% over a year earlier.
Taiwan: Buying more US oil and gas is the focus of tariff talks
Taiwan's trade talks with the United States are centered on increasing purchases of U.S. oil and natural gas, said President Lai Ching Te. Lai has promised to pursue a zero-tariff regime with the United States, and to buy and invest more within the country. He is trying to thwart President Donald Trump's import tariffs that are now on hold. Lai, who spoke to environmental groups at the White House, called on the government to support the importation of more energy from America. His office quoted him as saying that "increased purchases from the United States including natural gas and oil…
Santos Australia reports 7% decline in first-quarter revenue
Santos, an Australian oil and natural gas company, reported a 7% drop in its first-quarter revenue on Thursday. The fall was attributed to lower crude oil sales and weaker realised prices of domestic gas and LNG contracts linked to oil. Since China's first 15% retaliatory tax shut down U.S. imports, in February, global LNG prices have fallen. Meanwhile, mounting trade tensions are causing concern about demand erosion on major gas markets that could face economic contraction. According to Jarden’s data compilation…
China will import more Russian LNG by 2025, says ambassador
China will increase its LNG imports from Russia this year, according to its ambassador in Russia. "I can tell you that there are many buyers." "I think that there will be more (imports)", said Zhang Hanhui. He told reporters there was also discussion between Russia and China about the proposed Power of Siberia-2 pipeline project, but that the route had not yet been defined. Since years, Russia has sought an agreement with Beijing on the construction of the Power of Siberia-2 pipeline to transport 50 billion cubic meters of natural gas per year from the Yamal Region in northern Russia through Mongolia to China.
Indian gas firm GAIL seeks 26% stake in US LNG
GAIL India Ltd. issued a tender Friday for a maximum 26% stake in an American liquefied gas project, along with a 15 year gas import agreement. This will help New Delhi to reduce its trade surplus. India is racing to be the first country to sign a deal with the United States after President Donald Trump announced sweeping tariffs. This has led to a trade conflict with China, and other countries are now trying to negotiate. Trump has made it clear that he views U.S. gasoline as a bargaining tool.
Want to reduce your trade surplus with Trump Russell
There are certain trends that will likely emerge amid the chaos and confusion created by U.S. president Donald Trump's global tariff rollout and retreat. One is that countries looking to make a deal will purchase more U.S. products in order to reduce their trade surpluses. Even relative successes like Boeing aircraft highlight the lack of U.S. products that are competitive. Energy commodities like crude oil, LNG and coal are one area that countries could increase their imports of the United States. If every country that wants to do a deal will commit to buy more U.S.
Want to reduce your trade surplus with Trump Russell
There are certain trends that will likely emerge amid the chaos and confusion created by U.S. president Donald Trump's global tariff rollout and retreat. One is that countries looking to make a deal will purchase more U.S. products in order to reduce their trade surpluses. Even relative successes like Boeing aircraft highlight the lack of U.S. products that are competitive. Energy commodities like crude oil, LNG and coal are one area that countries could increase their imports of the United States. If every country that wants to do a deal will commit to buy more U.S.
Shell reduces its first-quarter LNG Production Outlook
Shell has lowered its outlook for first-quarter LNG production in a trading report on Monday. It cited the impact of bad Australian weather, before publishing results on May 2nd. The British company forecasted that the LNG production would be between 6.4 and 6.8 millions metric tons. This is a decrease from its previous forecasts of 6.6 to 7.2 tons. In the fourth quarter last year, it produced 7.1 millions tons of LNG. The company stated that the downward revision was due to cyclones in Australia and unplanned maintenance.
Albanese, an Australian company, has pledged A$2.3 billion in order to assist homeowners with solar batteries
The Australian Prime Minister Anthony Albanese pledged A$2.3billion ($1.39billion) on Sunday to help homeowners purchase batteries to store solar energy and reduce their energy costs. This is a key issue for the 3 May general election. Albanese’s center-left Labor is neck-and-neck with the Liberal-National Opposition led by Peter Dutton in opinion polls. Dutton has been campaigning on a plan for lower electricity bills by forcing LNG producers to divert some of their exports to domestic use.
Panic selling hits Australian energy stocks; Woodside, Santos slump
Australian energy stocks were hit hard by fears of further oil price declines after U.S. president Donald Trump's tariffs roiled global markets. The energy subindex fell 7.6% at 0434 GMT and plunged to its lowest level since November 10, 2020. It was on course for its worst day in more than five years. The benchmark ASX200 index fell 2.3%, to a nearly eight-month low level of 7,681.1. Eight OPEC+ nations agreed to move forward with their plan to increase oil production following Trump's announcement. This could put pressure on prices.
Glencore asks Australian Government to bail out local copper assets
Anglo-Swiss commodities company Glencore has said it has spoken to both Queensland and the Federal Government of Australia regarding the future of the Mount Isa Copper Smelter and Townville Copper Refinery assets. Glencore announced in October 2023 that its Mount Isa underground copper mines would be closed by the second half 2025. They cited studies and reviews which stated it was impossible to extend the mine's life. Sam Strohmayr said in a speech to Mount Isa local communities on Wednesday that the impact of the work is expected to be around 500 people.
As Chinese demand slows, mining consolidation will accelerate.
The mining industry is expected to consolidate due to the decline in industrial metals demand, especially in China, the top consumer. Investors said that for now, the high costs of mergers and acquisitions among diverse miners and the significant chance of rejection could hinder full-scale activity. This is ahead of the global gathering of the Copper Industry for the CESCO in Santiago, Chile, next week. LSEG data shows that M&A activity in the mining sector dropped 27% in terms of value to $15 billion during the first quarter compared with the same period in 2024.
As Chinese demand slows, mining consolidation will accelerate.
The mining industry is expected to consolidate due to the decline in industrial metals demand, especially in China, the top consumer. Investors say that for the moment, mergers and acquisitions among diversified miners may be hindered by prohibitively high costs and a significant chance of rejection. LSEG data shows that M&A activity in the mining sector dropped 27% in terms of value to $15 billion during the first quarter compared with the same period in 2024. BHP shares are down 26% since the beginning of 2024. Rio Tinto shares are down 23%, while Glencore shares have fallen 42%.
Gas giants claim that Australia's opposition plan to reserve supplies may worsen the shortage
Gas giants around the world said that a proposal made by Australia's coalition of opposition to force producers to divert more gas from exports into the domestic market in an attempt to win votes would discourage investment and not solve the looming gas shortages. The conservative Liberal-National Coalition has pledged to lower power bills by implementing a gas reservations scheme. The center-left Labor government led by Prime Minister Anthony Albanese has introduced a cap on wholesale gas prices…
