EIG-backed MidOcean Energy has struck a deal to buy Tokyo Gas’ stakes in four Australian LNG projects, for $2.15 billion in cash.
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Japan’s three energy companies – JERA, Tokyo Gas and Inpex – plan to join the proposed giant carbon capture and storage (CCS) project led by Santos (ASX:STO), at Bayu Undan offshore East Timor. The trio’s total investment could reach as much as 100 billion yen ($748 million) reported the Nikkei Asia.
Shell (LON:SHEL) and Japanese liquefied natural gas (LNG) buyers Tokyo Gas and Osaka Gas will together explore potential opportunities to accelerate decarbonisation across their respective production value chains.
Australia’s Santos has started front-end engineering and design (FEED) work for its proposed giant carbon capture and storage (CCS) project offshore East Timor at the Bayu Undan field. Significantly, Santos aims to take a final investment decision (FID) in 2023 on the CCS project, which it claims has the potential to be the largest in the world.
Abu Dhabi National Oil Company (ADNOC) Logistics and Services will supply a floating storage unit (FSU) for Atlantic Gulf & Pacific Company’s (AG&P’s) Philippines LNG Import Terminal (PHLNG) due to start operations later this year.
The LNG gap will widen by mid-decade leaving Europe in a particularly tight spot, Shell has warned in its annual outlook.
Local utility First Gen Corporation is on track to start importing the Philippines’ first-ever cargoes of liquefied natural gas (LNG) later this year as its receiving terminal nears completion.
Malaysia’s Petronas, along with Japanese companies Sumitomo and Tokyo Gas, will carry out a feasibility study to establish a supply chain of ‘carbon neutral methane’ to Japan.
Equity in the Shell-led Crux gas field offshore Australia, that will help backfill Shell’s (LSE:RDSA) Prelude floating liquefied natural gas (LNG) project, is up for sale, as the joint venture partners move closer to a final investment decision (FID).
Japan’s Tokyo Gas (TYO:9531) and Thai state-backed energy company PTT (BKK:PTT) will set up a joint venture to enter the on-site energy business involving liquefied natural gas (LNG) supply in Thailand.
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.
Over the past year or so, liquefied natural gas (LNG) producers, as well as buyers in North Asia, particularly Japan, have been quick to announce their involvement with so called ‘carbon-neutral LNG’ cargoes. However, some LNG buyers at the Future Energy Asia conference questioned whether LNG can really be carbon neutral.
Santos, which operates the Bayu-Undan field offshore East Timor, said today that production from its Phase 3C infill drilling program has started with the first well producing a better than expected outcome.
Chevron is receiving heavy flak and potential fines for failing to meet emissions reduction targets at its troubled carbon capture and storage (CCS) scheme that forms a crucial element of the Gorgon liquefied natural gas (LNG) export project in Australia. Its partners include Shell and ExxonMobil.
The Chevron-led Gorgon LNG venture in Australia will proceed with a $4 billion investment for the Jansz-Io compression development that will keep customers in Asia supplied with gas for decades. Significantly, the subsea compression project, needed to move the gas from the deep seas to shore, will be the first of its kind outside of Norway.
Australia’s Woodside has set new interim and long-term targets to hit net zero greenhouse gas emissions by 2050 at its Pluto liquefied natural gas (LNG) export project.
Japan’s Toho gas is the latest Japanese company to receive a liquefied natural gas (LNG) cargo that has had its emissions offset by carbon dioxide (CO2) credits. Significantly, the Nagoya-based gas company has pledged to buy more carbon neutral LNG after receiving its first shipment on 8 April.
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
The Philippines is accelerating plans to import LNG, as Shell seeks to exit the country’s largest gas field, creating more uncertainty for the waning domestic upstream sector.
Tokyo Gas and Centrica subsidiary, Centrica LNG Company, have today announced the joint signing of a deal in Mozambique for the long-term offtake of Liquefied Natural Gas (LNG) in the region.