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  • Barrons.com28 days ago

    Santos Shares Smashed As Australian Government Targets LNG

    Shares in Australian gas producer Santos (STO.AU) are trading 5% lower after the Australian government unveiled new policies aimed at addressing concerns about the supply of gas along the east coast. The government's new Australian Domestic Gas Supply Mechanism is a clear threat to the nation's massive LNG industry as companies that aren't viewed as a "net contributor" to east coast gas supplies now face the threat of a limit being placed on LNG exports. Santos is viewed as being squarely in the cross-hairs given the demands it places on domestic gas supplies to feed its Gladstone LNG project.

  • Reuterslast month

    ConocoPhillips says keen to tap proposed trans-Australia gas pipe

    ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters on Thursday. The U.S. oil major is also leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in early 2019, Kayleen Ewin, the company's vice president for sustainability, communications and external affairs, said in an interview. Ewin said the proposed transcontinental pipe would open Australia's domestic market for northern producers.

  • Reuterslast month

    ConocoPhillips says keen to tap proposed trans-Australia gas pipe

    ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters on Thursday. The U.S. oil major is also leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in the first quarter of 2018, Kayleen Ewin, the company's vice president for sustainability, communications and external affairs, said in an interview. Ewin said the proposed transcontinental pipe would open Australia's domestic market for northern producers.