The policies of Australia's major political parties in a single glance
Australians will cast their votes on Saturday, in a tight-run national vote marked by concerns about the cost of housing and living as well as the trade tensions caused by U.S. president Donald Trump's tariffs. Compare the key policies of the Liberal-National Coalition led by Peter Dutton and Anthony Albanese’s Labor Party, a centre-left party. The government has promised to spend A$10 Billion ($6.40 Billion) on building up to 100,000 homes. First-time homebuyers would be able to use up to $50,000 of their mandatory retirement savings to make down payments. Tax deductions for mortgage interest payments will be available.
Venture Global raises $3 Billion for CP2 Louisiana LNG Plant
Venture Global announced on Thursday that it had raised $3 billion to finance the construction of the CP2 LNG Plant in Louisiana. This would be the biggest liquefied gas plant in America. Venture Global, the U.S. second largest LNG exporter, has played an important role in making this country the largest exporter worldwide of super-cooled gas. Venture Global stated that the money raised would be used to pay for construction of the CP2 LNG facility. This facility will have a capacity of 28 million tonnes per year.
LNG Canada begins cooling down of the plant as a final step to producing LNG
Two people have confirmed that LNG Canada is cooling down its Kitimat liquefied gas plant, British Columbia. This is a last step before the company begins producing super-cooled gas. LNG Canada will be the first LNG export facility in Canada. It is expected to export 14 million metric tons per year (MTPA). People said that the company began using refrigerants on Tuesday as part of its cooling process. Tomorrow, it is expected to add natural gas to the plant. The cooling of an LNG plant prior to its production…
Sources say India is considering scrapping the import tax on US LNG to boost purchases.
Four government and industry sources have said that India is considering scrapping the import tax on U.S. LNG to increase purchases and reduce the trade surplus, which is a major irritation for President Donald Trump. Both sides want to increase volumes in order to meet the energy needs of India's fast-growing economy. Qatar is India's top LNG supplier. India and the United States agreed that they would increase their energy purchases in the U.S. by $10 to $25 billion over the next few years. Both leaders also agreed to reach $500 billion of bilateral trade by 2030.
Texas LNG plans to announce its final investment decision in December
Brian Duval, CEO of Glenfarne Energy Transition, said that the company expects to reach a final decision about its Texas LNG project in December. Glenfarne Energy has developed a 4 million metric tons per year (MTPA) liquefied gas plant (LNG) in Brownsville, South Texas. He said that the company had already signed an Engineering, Procurement and Construction (EPC), contract with Kiewit for the construction of the plant. He added that the company has enough long-term customers to proceed with the construction of the plant when it receives all legal approvals. A U.S.
Data shows that Russia's LNG exports between January and February fell 7.3%.
LSEG released preliminary data on Friday showing that Russia's LNG exports in the first half of this year were down 7.3% compared to a year ago, at 5.1 million metric tonnes. This was due to sanctions and the Sakhalin-2 supply cut. Due to U.S. sanctions over the conflict in Ukraine, Russia has been unable to increase LNG exports. The new Arctic LNG 2 facility has effectively been frozen due to the Western sanctions. According to LSEG, Russia's exports of LNG fell by 8% in February, from 2,57 million to 2,36 million tonnages a year earlier.
Sources say that RPT-Australian Woodside is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco-backed MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S. Presidency. Trump said that trade partners should purchase more U.S. Energy and has issued several executive order in his first week in office to boost domestic oil and natural gas production. Louisiana LNG offers global buyers the opportunity to diversify their supplies and possibly ward off U.S.
Sources: Woodside Australia is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco’s MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S. Presidency. Trump said that trade partners should purchase more U.S. Energy and has issued several executive order in his first week in office to boost domestic oil and natural gas production. Louisiana LNG offers global buyers the opportunity to diversify their supplies and possibly fend of U.S.
Golden Pass LNG, a former contractor, will emerge from bankruptcy at the end of March
The Texas contractor who last year walked away from the Golden Pass project of a liquefied gas plant, a joint venture with Exxon Mobil and QatarEnergy, may be able to exit Chapter 11 bankruptcy by April, according to the company. Zachry Holdings announced that the U.S. Bankruptcy Court of the Southern District of Texas approved its reorganization plans on Friday, clearing the way for them to complete the process by the end of the month. The court scheduled a confirmation hearing for the 26th of February.
Golden Pass LNG, a former contractor, will emerge from bankruptcy in April
The Texas contractor who last year walked away from the Golden Pass project of a liquefied gas plant, a joint venture with Exxon Mobil and QatarEnergy, may be able to exit Chapter 11 bankruptcy by April, according to the company. Zachry Holdings announced that the U.S. Bankruptcy Court of the Southern District of Texas approved its reorganization plans on Friday, clearing the way for them to complete the process by the end of the month. The court scheduled a confirmation hearing for the 26th of February.
EUROPE GAS prices in tight range due to strong LNG flow and warmer weather forecast
The Dutch and British wholesale prices of gas traded in a narrow band on Thursday morning. Market participants expect further declines due to forecasts of warmer weather and high flows of LNG. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub was down 0.50 euro at 44.90 Euro per megawatt hour, or $13.80 /mmBtu by 0919 GMT. The Dutch March contract is down by 0.54 Euros at 45.46 euro/MWh. The month-ahead contract in Britain rose by 0.15 pence, to 113.5 p/therm. The prices have fallen over the past week, after reaching a 14-month peak above 50 euros/MWh in early January.
Equinor's Hammerfest liquefied natural gas plant closed for a week due to compressor failure
Equinor announced on Thursday that its Hammerfest LNG facility in Arctic Northern Norway suffered an unexpected outage because of a compressor failure. The company said the plant's output was halted for a week. The Hammerfest plant (also known as Melkoeya LNG) has the ability to deliver approximately 6.5 billion cubic meters of gas each year. This is enough to provide about 6.5 millions European homes and accounts for about 5% of Norwegian gas exports. A spokesperson for Equinor said that an Equinor compressor…
Woodside's North West Shelf Project Extension approved by Western Australia
Woodside Energy, Australia's largest oil and gas producer in terms of market value, announced on Thursday that the state of Western Australia had granted Woodside Energy approval to extend the project life of its North West Shelf LNG (liquefied Natural Gas) until 2070. You can also find out more about the decision-making process by clicking here. Woodside announced Thursday that the approval marks the end to a six-year waiting period and restarts the federal approval process for environmental protection, which was halted because of pending appeals.
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal, claim that respiratory illness has increased dramatically, even among children as young five years old. They attribute this to the LNG plants. Welita Abanil is a 69-year-old Santa Clara healthcare worker. Gas plants in the area have also reduced our fishing income. We have nowhere to go. "It's as if we're waiting to die," she said.
Woodside Energy closes Pluto LNG due to an 'unplanned' event
A spokesperson for Woodside Energy in Australia said that the shutdown of Pluto LNG was safe and effective on Monday, due to an unexpected event. The cause is still under investigation. The spokesperson stated that operations at the Karratha Gas Plant are normal. Pluto LNG is connected by a pipeline. Woodside, Australia’s largest independent oil and natural gas company, lowered its estimate for full-year production to a range between 189 million and 195 millions barrels of oil equal (boe), down from its previous forecast of 185 to 195 boe.
BP and its partners invest $7 billion into a carbon capture project in Indonesian Papua
BP and its partners announced that they will invest $7 billion into a carbon-capture project and the development of gas fields in Indonesia's easternmost Papua Region, which could unlock an additional 3 trillion cubic feet in gas resources. The British oil producer announced its investment in London on Thursday during a meeting between President Prabowo Subito, who was visiting London. The company said that production at Ubadari is expected to begin in 2028. Gas from the field will be processed in the Tangguh liquefied gas plant in West Papua.
Nigeria signs $1.2 Billion deal to upgrade gas plant for aluminum smelter
The Nigerian Petroleum Ministry announced that the country has signed a contract worth $1.2 billion with CNCEC, a state-owned Chinese engineering firm. This project is crucial to the production of aluminium in Nigeria. The agreement between CNCEC, the main investor in Aluminum Smelter Company of Nigeria (ASCN), and BFI Group is the first step in reviving this dormant facility that has lain idle for years due to financial and legal issues. The Petroleum Ministry announced late Monday that CNCEC would resurrect the 135 million standard cubic feet per day gas-processing plant at the dormant aluminum smelter.
YPF, the Argentine oil company, is focusing on Vaca Muerta and a production boost by 2025.
The CEO of Argentina's state-owned oil company YPF, Horacio Martin, said that the firm expects shale production to rise by 30 to 40 percent next year. Marin said that YPF, during a conference call to discuss its financial results, will concentrate its capital investments in its main shale resources, specifically the massive Vaca Muerta Formation. Vaca Muerta has the second largest shale-oil reserve in the world and is also home to one of the largest shale-gas reserves. YPF has been leading the activity in this area with hopes of making it a major exporter of energy.
TotalEnergies denies knowing about alleged torture and killings at Mozambique Liquefied Natural Gas site
PARIS, September 26 - French oil giant TotalEnergies responded to a report in the media by saying that it was unaware of the torture and killings allegedly committed on site of the future Mozambique Liquefied Natural Gas plant. Politico reported earlier Thursday that Mozambican soldiers working out of this site, which has not been completed, had rounded up 180 to 250 local men and locked them inside shipping containers. They then tortured them and killed the majority of them from July through September 2021.
Texas gas plant rejected from state funding program
Texas energy regulators denied funding requests for an electric power plant project, despite the fact that it was named as a finalist in a state program to build out natural gas-fired generation of electricity. The Public Utility Commission of Texas rejected late Wednesday the application by Aegle Power for funding from the state for a 1.3 Gigawatt natural-gas plant. Aegle Power was not available for immediate comment. In the application, it was stated that this project is a joint venture between Aegle Power Inc. and NextEra Energy Resources.
