Saudi Arabia s oil giant Aramco said on Thursday it agreed to acquire a strategic minority stake in liquefied natural gas company MidOcean Energy for $500 million, with an option to increase the size of the shareholding.
New emissions policies put at risk Australia’s ability to maintain its existing level of LNG exports. Canberra has also suggested that it may use existing powers to divert gas to the domestic market. Has Australian LNG production already peaked? [Gas in Transition, Volume 3, Issue 8]
Prices of liquefied natural gas (LNG) could spike this winter even with high storage levels in Europe, a Tokyo Gas executive said, as many political and market uncertainties remain.