LNG

Australian LNG export revenue last year has risen 67.8 per cent to $43.3 billion on 2017, making LNG the country’s third largest export in 2018 after coal and iron ore, energy advisory firm EnergyQuest Australia reported.

Black coal mining has been predicted by IBISWorld to be one of the Australian industries that will experience a decline in revenues this year as market conditions turn.

The Port of Gladstone in Queensland exported 20.58 million tonnes of LNG exports in 2018, resulting in a new annual record.

South Korea-based Epik has signed an agreement with Port of Newcastle to develop an LNG floating storage and regasification unit (FSRU) import terminal.

Rio Tinto has completed a wharf and land sale to joint venture group LNG Canada for $576 million.

New figures from the Australian Bureau of Statistics (ABS) have reported that the mining industry contributed 8.8 per cent of Australia’s gross value in 2017–18, a figure around 87 per cent higher than 1994–95 levels (4.7 per cent).

INPEX Corp’s first cargo of liquefied natural gas (LNG) from the Ichthys LNG project has departed from its onshore gas liquefaction plant in Darwin, Northern Territory.

Shell’s QGC onshore gas venture in Queensland has announced a significant expansion that will secure up to 350 jobs over the next two years.

Woodside has selected Bechtel as its execution contractor for the expansion of the Pluto LNG facility offshore Western Australia.

SRG Global has secured a four-year contract to provide equipment to Woodside Petroleum’s North West Shelf project and gas facilities in Western Australia.

Diggers & Dealers Mining Forum chairman Nick Giorgetta believes mining’s skills shortage is just years away from being at crisis levels if more Australians aren’t attracted to the industry.

The ExxonMobil-operated PNG LNG project in Papua New Guinea is to supply liquefied natural gas (LNG) to Hong Kong-based PetroChina for a three-year period.

Woodside Petroleum chief executive officer Peter Coleman has cited the start of liquefied natural gas (LNG) production from Wheatstone Train 2 in Western Australia as its June quarter highlight.

Australian liquefied natural gas (LNG) exports have surged by 18.5 per cent to 59.7 million tonnes (Mt) in the 2017–18 financial year, a year-over-year (YoY) gain of 9.3Mt.

Santos has completed commissioning and start-up of the Scotia CF1 project in Queensland ahead of schedule and under budget, with initial full field production exceeding 40TJ of gas a day.

Chevron’s next expansion of the Gorgon liquefied natural gas (LNG) project offshore Western Australia’s north-west coast is expected to deliver a welcome jobs boost for the state.

Oil and gas giant Harbour Energy has announced an unsolicited all-cash offer to buy 100 per cent of Australian independent Santos for $6.50 a share, representing $13.5 billion in total.

The Reserve Bank of Australia has released research showing mining investment projections, and mining as a percentage of GDP could double in the next five years.

Perth-based Woodside Petroleum has chosen not to renew agreements to develop an LNG project at Grassy Point in British Columbia (BC), Canada, instead turning its attention to Chevron’s Kitimat LNG project, also located in BC.

Woodside has completed the first stage of a $2.5 billion equity raising announced last week to increase its ownership of the Scarborough gas field offshore Western Australia.