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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
LNG Japan has agreed a deal for a stake in a giant offshore natural gas project in Australia, as it looks to secure gas supplies, according to Bloomberg.
- The joint venture, owned by Sumitomo Corp and Sojitz will take a 10% share in the Scarborough operation from Woodside, which will drill offshore gas to produce around 8m mtpa.
- LNG Japan will also supply 12 cargoes per annum from the project - around 0.9m mt of LNG - for a decade beginning 2026.
- Under the deal, LNG Japan will pay a $500 million purchase price, in addition to other costs such as reimbursements for project spending, expected to bring the total to about $880 million, according to Woodside’s statement.
- Japan is the largest buyer of Australian LNG and has been striking new deals after the gas crisis of 2022 prompted buyers to lock in deals and invest in projects to guarantee energy security.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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