LNG
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Pavilion Energy, QatarEnergy, and Chevron have revealed their new methodology with the hopes of increasing transparency and helping the industry move toward a lower-carbon future. -
JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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A new deal between China and Venture Global is the latest in a string of US LNG commitments to Asia.
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Gas production from the new field will be used to backfill the joint venture’s LNG plant at Caution Bay.
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The price of natural gas has more than doubled this year in many parts of the world. The ripple effects are starting to be felt, but how wide they will spread may not be known until winter comes.
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Environmental permit will allow work on the $12-billion project to begin on site.
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The megadeal will make Woodside a Top 10 independent global oil and gas producer with annual volumes of approximately 200 million BOE.
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Australian E&P rivals will merge to form a $16-billion producer with diverse asset set weighted toward natural gas and LNG.
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The US remained Europe’s biggest supplier of LNG in Q1 2021, a position it has held since mid-2019 when competition with Russia began to heat up.
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IGU report highlighted pandemic-related delays that kept many international projects from coming on line in 2020.
