Australia Strikes may Impact Short-Term LNG Prices - Shell
08.23.2023 By Tank Terminals - NEWS

August 23, 2023 [Reuters]- Global gas markets are well balanced with inventory levels keeping high in North Asia and Europe, but any strikes at Australia’s liquefied natural gas plants could impact short-term prices, a senior Shell executive said on Wednesday.

 

Gas prices have jumped in Asia and Europe on concerns that industrial action could disrupt exports from major Australian LNG plants operated by Woodside Energy and Chevron .

“Supply and demand balance in LNG is quite matched which is why we see some vulnerability (in prices),” Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director, told reporters.

However, she added that there hasn’t been significant hedging or changes in buying patterns so far as a result of the potential strikes in Australia.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Hiap Huat JV Co to Build RM100m Liquid Bulk Storage Terminal in West Port Over Five Year Period
06.21.2024 - NEWS
June 21, 2024 [New Straits Times]- Hiap Huat Holdings Bhd’s joint venture company with KL P... Read More
Madrid-Based Company FRV Announces Plans to Develop Green Hydrogen Project in Brazil
06.21.2024 - NEWS
June 21, 2024 [Bioenergy Times]- FRV, a renewable energy development company based in Madrid and ... Read More
China's Wison New Energies to Quit Russian Projects in Blow to Arctic LNG 2
06.21.2024 - NEWS
June 21, 2024 [Reuters]- Chinese engineering firm Wison New Energies has decided to discontinue a... Read More
TotalEnergies, NNPC Take FID on New Gas Project to Supply Nigeria LNG Plant
06.21.2024 - NEWS
June 21, 2024 [LNG Prime]- France’s TotalEnergies and Nigeria’s NNPC have taken the final inv... Read More