Petronas inks first Canadian-indexed LNG deal
May 7, 2021 3:05:pm
Summary
by: Dale Lunan
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Petronas inks first Canadian-indexed LNG deal
Malaysian state Petronas LNG (PLL) said May 7 it had introduced a new LNG pricing index based on the AECO gas trading hub in Canada. It had just sold a spot LNG cargo to an Asian buyer for delivery in August.
Petronas said the sale of the spot cargo based on AECO pricing is a significant step towards establishing a transparent price index in the LNG market to not only complement Petronas’ pricing diversification for cargoes but also for the supply of LNG from the Anglo-Dutch Shell-led LNG Canada project. It said it is due to start commercial deliveries in 2024.
Natural Gas Daily: December 16th, 2020
Dec 16, 2020 10:00:pm
Summary
by: NGW
Australian LNG exports this year are expected to reach record 78mn metric tons, up from 77.5mn mt in 2019, energy consultancy EnergyQuest said in a report.
This was despite supply disruptions from Gorgon, Australia’s second-largest project, and delays to the start-up of the Prelude floating LNG project, EnergyQuest said. “One of the reasons for the strong performance was record production from the east coast LNG projects at Gladstone.
The European Commission (EC) has proposed excluding oil and natural gas infrastructure from its list of projects of common interest (PCIs) that enjoy EU financial and regulatory support, it reported on December 15.
Shell Canada Names New Country Chair
Dec 16, 2020 3:46:pm
Summary
by: Dale Lunan
Posted in:
Shell Canada Names New Country Chair
Susannah Pierce, director of corporate affairs at the Anglo-Dutch Shell-led LNG Canada project, has been named president and country chair of Shell Canada, the company announced December 16. She will replace Michael Crothers – who has been with Shell for 33 years – on his retirement in 2021.
“I’m looking forward to taking on this new challenge with Shell Canada, and am confident that together, we will build on Michael’s positive legacy as we move towards a more sustainable energy future, leveraging the talents of a diverse, equitable and inclusive organization while building relationships with indigenous peoples and local communities,” Pierce said. “I’m extremely proud of what LNG Canada has already accomplished, and of the relationships and partnerships we’ve built in developing an LNG industry that aspires to have the highest sta