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15.06.26 - 03:39
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Exxon Weighs Woodside Deal As LNG Becomes Strategic Priority (ZeroHedge)
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Exxon Weighs Woodside Deal As LNG Becomes Strategic Priority
Exxon Mobil is assessing a range of options to expand its global gas business, with Woodside Energy reportedly among the companies being reviewed as potential acquisition candidates, according to Bloomberg.
No formal approach has been made, and internal evaluations remain preliminary. Both companies have declined to comment.
Bloomberg writes that Woodside offers several strategic advantages for Exxon. As a leading LNG producer with established relationships across key Asian markets, the Australian company would provide immediate scale in a sector where Exxon has historically been less dominant than some of its European peers. Its growth pipeline includes the Louisiana LNG project in the US and major Australian developments such as Scarborough and Browse.
Interest in LNG assets has intensified amid ongoing concerns about global supply security, particularly following disruptions to Middle Eastern export routes. This has increased the ...
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11.06.26 - 11:09
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Germany′s Big LNG Deal With Canada May Never Deliver A Single Cargo (ZeroHedge)
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Germany's Big LNG Deal With Canada May Never Deliver A Single Cargo
Authored by Andrew Topf via OilPrice.com,
Germany has signed long-term LNG offtake agreements with Canada's Ksi Lisims project, seeking energy security and supply diversification amid heightened geopolitical risks.
Despite the deals, Canadian LNG may never physically reach Germany due to geography, shipping economics, and the lack of Atlantic Coast export infrastructure.
Instead, Germany could use LNG cargo swaps, sending Canadian gas to Asian buyers while receiving equivalent volumes from suppliers closer to Europe.
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia's invasion of Ukraine in 2022.
Suddenly, countries are scrambling to get their hands on molecules that provide reliable baseload power to industries and homes.
That explains why Germany is buying LNG from Canada. It's to ensure long-term energy security, reduce reliance on volatile global supplies, and...
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