Wednesday, June 13, 2012

State Govt rallies against claim split - The West Australian

 State Govt rallies against claim split - The West Australian:

The Department of State Development has briefed Broome business owners on the ramifications of a move by native title claimants warring over James Price Point to split in the Federal Court, warning it could stall the delivery of $1.5 billion in benefits and trigger the compulsory acquisition process.

Goolarabooloo and Jabirr Jabirr native title claimants have approached the Federal Court to have their joint native title claim covering the Browse LNG precinct discontinued so they could lodge separate claims over the same area. This could mean that the Native Title over the area cannot be a consent determination and could take up to four years to determine. This could put a massive spanner in the Woodside works. The State are still threatening Compulsory Aquisition as the answer to all the States problems but this only gives birth to civil disobedience. Forcing us under a dictatorship a battle Barnett will lose.


  1. From Broome Community No Gas Facebook:

    Speaking to The Australian on the sidelines of the World Gas Conference in Kuala Lumpur, Mr Coleman said the company would stand by oil-linked price formulas.

    Customers trying to negotiate for a new price formula would be told they are "talking to the wrong guys", Mr Coleman said. "Our gas is a premium LNG. To us a Henry Hub price on our gas is an unreasonable request. If you want Henry Hub, go buy Henry Hub."


    “There used to be a tone full of arrogance earlier,” Mr. Singh said, referring to major exporters’ stance in price negotiations. “Now there is a tone which has mellowed down.”

    “Today the scenario has changed,” Mr. Singh said. “The best thing is Henry Hub-linked gas prices are now coming to India,” which would give Indian buyers leverage while negotiating prices with other suppliers.

    Over the last few years, Indian buyers have had to buy cargoes referenced to the relatively high price India paid for Gorgon LNG. Prices in Asia are often based on existing contracts due to the absence of a regional benchmark. Asian buyers pay a premium for LNG due to the vast difference between demand and supply, while prices are more volatile as they are linked to crude oil instead of gas, unlike in the U.S. or Europe.

    The very idea of North American LNG exports entering the market has changed the mindset of Asian buyers, Mr. Singh said. And that is creating a headache for major LNG exporters that have or are making big-ticket investments in projects.

    Mr. Singh said the posturing by the big exporters isn’t surprising. “If I were a major [exporter], what would I do? I have to tell the world that this is a mirage, don’t run after it. I have everything, buy expensive gas from me.”



    Mozambique’s recoverable gas reserves

    Following the recent discoveries of gas off the coast of Mozambique and Tanzania, Anadarko, Cover energy, Royal Dutch Shell and Thailand’s PTT Exploration and Production cemented the future of East Africa as a major new supplier exporting LNG to Asia. “We believe that the total estimated recoverable natural gas resource in Mozambique’s Offshore Area 1 is between 30-60 Tdf (trillion cubic feet) and the current upside for total gas in place for the discovered reservoirs on the block is approaching 100 Tcf”, said Al Walker, Chief Executive, Anadarko. An entire annual gas consumption by France, Germany, Britain and Italy is around 10 trillion cubic feet. (Reuters, 11 June 2012, 6:50am).

    The argument is raging,

    “The link to the crude-oil price is no longer that reasonable, so we need to break that linkage,” said Mitsunori Torihara, the chairman of Tokyo Gas and the Japan Gas Association. Members of the association have been “recently more forthcoming” on purchasing from outside of Asia and are also “placing more emphasis” on proposals to peg imports to price benchmarks including Henry Hub and the UK’s National Balance Point, he said.

    Coleman is saying the US must keep it's gas prices as low as possible,bet companies that have invested big time in US shale,(inc. BHP),don't see it that way.



    Can't access these stories,but here's some interesting headlines;

    Tuesday, 12 June 2012

    US LNG export projects build up pipeline spurs, flows and more inter-state links

    The Cameron LNG liquefaction project in Louisiana has submitted a pipeline interconnection and flow plan, the latest to have been received by regulators as US companies build

    Monday, 11 June 2012

    Dutch dredging company Van Oord wins $700M contract linked to Ichthys LNG

    Van Oord, the Dutch dredging company, said it was awarded a contract to improve transit routes around Darwin Harbour in Australia as part of the Ichthys LNG…

    Monday, 11 June 2012

    Anadarko takes Mozambique LNG feed-gas to 100 Tcf and sees first cargoes in 2018

    Anadarko Petroleum Corp. of the US, developer of a planned six-Train LNG project in Mozambique, is running out of superlatives for its natural gas exploration offshore the…

    Monday, 11 June 2012

    French LNG import plunge leads pipeline operator to protect north-south balance

    French LNG imports have fallen to such low levels because of cargo diversions to the higher-priced Asia-Pacific market that the country's gas transmission network operator GRTgaz is…

    Sunday, 10 June 2012

    Statoil starts Asian LNG operations with Singapore office and Malaysian LNG deal

    Norwegian energy company Statoil has moved to shift part of its LNG supply strategy towards Asia by opening a regional trading office and signing an agreement for short-term LNG…

    Thursday, 07 June 2012

    World Gas Conference sees Asian LNG landscape altering with China shale gale

    Shale gas, which is turning North America into an LNG exporter, will be more prolific in China by 2030 once serious exploration and production begins, according to…

  3. I guess if Coleman thought having "skin in the game" was such fun,he now thinks different.He's shaking in his shoes.

    He can go and make his short term plays because all his long term plays are fraught with danger.

    Where's the FID on the Pluto expansion?

    Where is Browse and Sunrise?

    The lemon,the scrubber and the dog!