Adelaide-based Santos is among Australia’s top three producers of liquified natural gas
The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported
With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels
The country fully awarded 20 cargoes of LNG in June to cover heavy summer demand from July through September
The development of the Jafurah field is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
The energy firm’s profit was roughly in line with that of oil major Shell
The project, which was expected to start processing natural gas this year, has not updated its completion schedule
ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power
TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
ADNOC’s first investment in Mozambique complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand and support the transition to cleaner fuel sources
The 11.7 per cent equity stake in Phase 1 of Rio Grande LNG marks ADNOC’s first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio
Qatar, one of the world’s largest LNG exporters, announced an additional expansion of its LNG production in February
Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project
The Gulf state posted a budget surplus of QAR1.4bn in the final quarter of 2023, which was used to reduce public debt
ADNOC has eyed acquisitions of foreign companies in part to help boost its gas portfolio
The Marsa LNG project includes upstream gas production, a one million-ton-per-year liquefaction plant and a 300-megawatt solar plant
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
QatarEnergy has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels
Under the 15-year time-charter party agreements, Nakilat will charter out the vessels to affiliates of QatarEnergy, facilitating the seamless transportation of LNG to key destinations worldwide
ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel, as the world tries to curb planet-warming emissions
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32
Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas
The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn
Several of Qatar’s LNG tankers have resumed sailing through the Red Sea after having been stopped since January 13
About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023