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Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Australia’s post-election energy priorities
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
Australia’s changing gas risks
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
Australia faces up to Victoria’s gas folly
As gas supplies dwindle, LNG becomes the only viable solution in a state that has focused on transition
Letter from Japan: Power market risks highlight LNG rework
Flexibility and sharing of risk in gas buying and selling is becoming more essential
Japan LNG to gain traction from political inertia
The crumbling of the country’s postwar political consensus may bolster the country’s LNG demand outlook by stymieing planned nuclear restarts
Asian demand critical to absorb fresh LNG supply
Purchasing from region will help determine if prices will stay buoyant in the second half of this decade as supply increases, with significant volumes due online in the next three years
Australia’s unresolved fuel security risks
Lack of competitiveness in refining sector and underbaked oil reserves threaten long-term stability
Weather and pricing key to Asia’s winter LNG demand
Nuclear availability in Japan and South Korea will also be an important factor in determining overall LNG requirements
Woodside makes US LNG push with Tellurian acquisition
The Australian firm’s purchase represents a significant move into US LNG by an international player and will boost the planned Driftwood project after years of uncertainty
Santos offices in Brisbane, Australia
Santos Australia Japan
Simon Ferrie
8 February 2022
Follow @PetroleumEcon
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Santos advances Barossa project

Australian independent set to finalise sale of stake to Japan’s Jera in H1 2022

Australian independent Santos is on pace to complete its sale of a stake in the Barossa gas project in Australia to Japanese LNG buyer Jera in the first half of this year. Jera has agreed to buy the 12.5pc share for around $300mn. Barossa—which is 300km north of Darwin—is expected to start production in 2025 and will provide backfill gas for the existing 3.7mn t/yr Darwin LNG liquefaction facility, once the mature Bayu-Undan field ceases production. Barossa’s gas will be tied into the Bayu-Undan-Darwin pipeline. With the completion of the Barossa transaction, Santos will operate the new field with a 50pc stake, while South Korea’s SK E&S will hold 37.5pc. Jera already has a 6.1pc stake i

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