China’s liquefied natural gas (LNG) importers will stay out of the spot market this winter as demand growth has skidded to the slowest since 2002, meaning the world’s top importer of the fuel will likely avoid competing with crisis-hit Europe for supplies.
The Australian Petroleum Production & Exploration Association (APPEA) believes that Western Australia (WA)’s Mineral and Petroleum Review 2021-22 highlights the importance of the oil and gas industry to the state and national economies, as this sector has reinforced WA’s fourth straight resources sales record.
Following a recent impact of a typhoon in China, BP’s new Tortue FPSO, built for the Greater Tortue Ahmeyim (GTA) LNG project in Mauritania and Senegal, has been returned to the quayside of the COSCO shipyard with no significant damage reported so far.
Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO sailaway.