Plans to import liquefied natural gas (LNG) to Australia, the world’s second largest LNG exporter, could help cap soaring local gas prices, although the economics might not work, the Australian government said on Monday.
ExxonMobil Corp, southeastern Australia’s biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.
A consortium led by Hong Kong’s CK Infrastructure Holdings made an unsolicited Aus$13 billion (US$9.8 billion) bid for gas pipeline company APAWednesday, with the Australian firm agreeing to open its books.
Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration(EIA) said on Monday.
BaoWu subsidiary Aquila Resources Pty Ltd will continue to hold the remaining 50 percent stake in Eagle Downs.
The move marks a big green push for JERA, a joint venture between Tokyo Electric Power Co and Chubu Electric Power Co that is the world’s top buyer of liquefied natural gas (LNG) and one of the world’s biggest coal traders.
Australian energy giant Santos has rejected a US$10.9 billion takeover bid by US private investment firm Harbour Energy as too low and high risk, terminating all discussions.
Australia’s Santos said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.-based firm’s final takeover offer of $10.8 billion.
U.S.-based Harbour Energy raised its bid for Australia’s Santos Ltd to $10.8 billion on Monday, hiking its offer for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.
Santos Ltd said on Friday that U.S.-based suitor Harbour Energy has made a $10.36 billion binding offer for the company, pitched at the same price as an indicative proposal last month.