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02.06.26 - 04:00
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BP Sells 5% Stake In Australia′s Newest $35 Billion LNG Project (ZeroHedge)
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BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
By Tsvetana Paraskova of OilPrice.com
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday.
BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy.
“The dilution reflects BP's disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters.
The Browse LNG project in Australia, proposed by Woodside Energy, entails the Browse to North West Shelf (NWS) Project to deliver natural gas from the Calliance, Torosa, and Brecknock fields to the existing Karratha Gas Plant.
The Browse project proposes to connect the natural gas fields via a 900-kilometre pipeline, connected to two floating production storage and offloading facilities, while a CCS solution has been incorporated into the offshore design.
Production ca...
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01.06.26 - 16:36
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Bloomberg cautions of LNG surplus offer risk (TASS)
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The Bloomberg columnist cited data of the International Energy Agency, indicating that the total capacity of planned LNG projects worldwide is estimated at 700 bln cubic meters per year...
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31.05.26 - 20:52
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America′s LNG Boom Is Real - But China Is Planning Beyond It (ZeroHedge)
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America's LNG Boom Is Real - But China Is Planning Beyond It
Authored by Cyril Widdershoven via OilPrice.com,
The Iran war and Hormuz disruption have turbocharged U.S. LNG exports, giving Washington a major short-term energy dominance boost as Asia and Europe scramble for alternative supply.
China, however, enters the crisis from a position of greater energy resilience after years of investment in domestic production.
The U.S. still has a major long-term opportunity, but sustaining dominance will require turning crisis-driven demand into lasting partnerships.
The Iran war has handed the United States a rare opportunity: a new dawn of energy dominance in an increasingly fractured world. With coordinated US-Israeli strikes disrupting the Strait of Hormuz from late February, roughly 20% of global LNG supply has been stripped from the market since early March. Prices have surged across Asia and Europe. And into that vacuum, American gas has flowed.
The numbers speak for themselves. U...
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29.05.26 - 01:06
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Mitsui & Co. CEO on LNG, AI-driven Energy Demand (Bloomberg)
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Mitsui & Co. CEO says the company is eyeing global expansion in its LNG business amid growing energy demand driven by AI data center buildouts. He spoke exclusively with Bloomberg TV's Shery Ahn in Tokyo. (Source: Bloomberg)...
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