Santos diverts some gas from export to shore up Australian market
(Reuters) — Australia's Santos Ltd said it would divert 30 petajoules (PJ) of gas from its Gladstone LNG export plant to customers on the country's east coast over the next 2yr, hoping to avert curbs on LNG exports.
Shares of the company rose as much as 1% to A$3.94 in early trade on Thursday, its highest since Feb. 24.
Australia is on track to become the world's biggest LNG exporter by 2019, straining supplies in the domestic market and driving up gas and power prices.
To help ease soaring energy prices, the government has put in place a controversial measure to curb LNG exports from the east coast if it deems there is likely to be a shortfall of domestic gas supply in any year.
Santos said its Gladstone LNG partners had agreed to divert 30 PJ of gas to the local market.
Thursday's announcement follows Santos' deals to deliver up to 72 PJ of gas over four years into the southeastern market through a swap agreement and the sale of 15 PJ to the Pelican Point Power Station in South Australia.
Reporting by Chris Thomas in Bengaluru; Editing by Richard Pullin
The small-scale GTL (SSGTL) and small-scale LNG (SSLNG) sectors are gaining ground, providing alternative sources of power generation and transportation fuel in remote regions and areas not connected to major gas pipeline routes.
Gas Processing and Hydrocarbon Processing are pleased to announce that as of August 2017, Gas Processing will be distributed along with both Pipeline & Gas Journal and Hydrocarbon Processing.
Novatek, Russia’s largest independent natural gas producer, plans to invest up to $11 B in the large-scale Arctic LNG 2 project. The project involves the construction of an LNG plant on the Gydan Peninsula—a geographical feature of the Siberian coast of the Kara Sea.
ADIP ULTRA: ADIP-X Reimagined
View on Demand
Shell Global Solutions International BV (Shell) is launching the improved process technology ADIP ULTRA, for cost-effective removal of CO2 down to <50ppmv. The ADIP ULTRA process is applicable in gas plants, LNG, pre-NGL, refinery HMUs and gasification syngas.
•Discover how looking back at decades of ADIP and ADIP-X operational experience has led to the cost effective ADIP ULTRA process
•Understand how Shell’s new absorption column internals can further enhance process performance
•Learn how Shell is a reliable partner of choice who helps you get the most out of your unit
•An opportunity to ask questions to Shell’s technical experts
May 9, 2017 9am UTC
View on Demand