LIQUEFIED NATURAL GAS INDUSTRY

Profits easier offshore: O’Neill

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Original article by Colin Packham
The Australian – Page: 13 & 17 : 6-Nov-25

Woodside Energy has forecast that its net cash flow from operations will rise to around $US9bn by 2032, compared with about $US5bn in 2024. CEO Meg O’Neill says this growth will be driven by factors such as the start-up of projects such as Scarborough LNG in Western Australia and Trion oil in Mexico, as well as tighter capital management. O’Neill has also warned that the regulatory burden in Australia is making countries such as the US and Mexico more attractive as investment destinations, which is why Woodside is directing more capital to them.

CORPORATES
WOODSIDE ENERGY GROUP LIMITED – ASX WDS

Exporters brace for LNG new wave

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 12 : 8-Jan-25

Global supply of LNG is expected to ramp up in 2025, which is likely to weigh on local producers and the federal government’s revenue. The increase in production had been slated to occur in 2024, but delays to a number of LNG projects resulted in this being pushed back to 2025. Meanwhile, EnergyQuest notes that global output of LNG is expected to rise by about 50 million tonnes per annum from 2026, while Saul Kavonic from MST Marquee says there is likely to be a global oversupply of LNG beyond 2026.

CORPORATES
ENERGYQUEST PTY LTD, MST MARQUEE

Seeds of next LNG glut already being sown

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 9-Jan-20

Growth in Asian demand for LNG slowed to 2.1 per cent in 2019, amid a global oversupply. However, Bernstein Research forecasts that the glut will end in the second half of 2020 as Asian demand rebounds and a five-year expansion of global output comes to an end. Bernstein also cautions that another oversupply could emerge in the mid-2020s, with a number of new LNG projects slated for coming years. The firm anticipates that projects to be approved over the next 18 months will boost global production by about 70 million tonnes a year.

CORPORATES
BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, EXXONMOBIL CORPORATION, ENTE NAZIONALE IDROCARBURI SPA, INPEX CORPORATION, TOTAL SA

Woodside chief steps up call for carbon pricing

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Original article by Glenda Korporaal
The Australian – Page: 22 : 4-Apr-19

Woodside Petroleum CEO Peter Coleman has told the LNG 2019 conference in Shanghai that the industry can take a leading role in reducing global greenhouse gas emissions. Amongst other things, he says LNG can replace fuels that generate higher emissions, including in the road transport and shipping industries. Coleman also argued the case for a global price on carbon, but cautioned that policies aimed at reducing carbon emissions will fail if they are regarded as having a negative impact on jobs and prosperity.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP GROUP LIMITED – ASX BHP, SHELL COMPANY OF AUSTRALIA LIMITED, CHEVRON CORPORATION, HUDONG-ZHONGHUA SHIPBUILDING (GROUP) COMPANY LIMITED

Boom time for gas as Australia becomes the major player

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Original article by Perry Williams
The Australian – Page: 18 : 10-Jan-19

Australia surpassed Qatar as the world’s biggest LNG exporter in late 2018. However, Australia faces growing competition from rival nations in the LNG market, with global production capacity set to increase by nearly 35 million tonnes in 2019. An additional 60 million tonnes worth of annual capacity is also set to be approved over the next 12 months. The global economic outlook may also affect both demand for LNG and the price of LNG.

CORPORATES
CHEVRON CORPORATION, INPEX CORPORATION, ROYAL DUTCH SHELL PLC, WOOD MACKENZIE, SAUDI ARABIAN OIL COMPANY

Australia likely to be fringe player in next LNG boom

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 4-Oct-18

Royal Dutch Shell CEO Ben van Beurden expects global demand for LNG to double by 2035. Shell has positioned itself to be a key player in the next LNG boom after making a final investment decision on its $C40bn ($43bn) LNG Canada project. Wood Mackenzie estimates that LNG projects with an annual production capacity of 50-60 million tonnes will receive final approval in 2019. However, Australia is not expected to play a major role in the new LNG boom, as only the Prelude and Ichthys projects are currently being developed.

CORPORATES
ROYAL DUTCH SHELL PLC, WOOD MACKENZIE, INPEX CORPORATION, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH

Floating LNG gets a sinking feeling

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 29-Mar-16

Tri-Zen International’s Tony Regan says recent decisions to shelve two floating LNG projects is disappointing. Floating LNG technology was once regarded as a good alternative to costly onshore gas projects. However, Woodside Petroleum has abandoned plans to develop the Browse project using Shell’s floating LNG technology, while the partners in Indonesia’s Abadi gas project have also dropped plans to use the technology. Woodside will look at alternative floating LNG solutions.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, TRI-ZEN INTERNATIONAL PTE LTD, INPEX CORPORATION, EXXONMOBIL CORPORATION, BERNSTEIN RESEARCH

Flagging energy in LNG sector tipped to last until 2022-23

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 20 : 1-Jul-15

Citigroup is bearish about the outlook for the LNG industry, forecasting that a global oversupply will be sustained until at least 2022. The firm also expects growth in spot and contract prices for LNG to remain subdued in the long-term. Meanwhile, it anticipates that a number of projects in the sector will be delayed, including the Woodside Petroleum-led Browse floating LNG venture and ExxonMobil’s Papua New Guinea project.

CORPORATES
CITIGROUP INCORPORATED, WOODSIDE PETROLEUM LIMITED – ASX WPL, EXXONMOBIL CORPORATION