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"We've certainly seen Australia's reputation being affected as some existing buyers expressed interest in diversifying their suppliers for long-term supply," said Ryhana Rasidi, LNG analyst at analytics firm Kpler. "Australia is the closest gas supplier we can get. By far, Australia, U.S. and Qatar are the three pillars in LNG supply chain. As well as its political stability, its proximity to Asia might be Australia's saving grace, industry analysts say. "Ties are very strong between North Asia and Australia as a legacy supplier, so many participants are keen to continue the relationship," said Kaushal Ramesh, LNG analyst at Rystad Energy.

Persons: Inpex, Resources Madeleine King, We've, Ryhana, Jane Liao, Kaushal Ramesh, Emily Chow, Yuka Obayashi, Muyu Xu, Andrew Hayley, Joyce Lee, Lewis Jackson, Florence Tan Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Workers, Japan's Kyushu Electric Power, Chevron's, Woodside Energy, West Shelf, South, Resources, Taiwan, Tohoku Electric Power, Kyushu Electric Power, Osaka Gas, Rystad Energy, Thomson Locations: Chevron, Barrow Island, Australia, Rights SINGAPORE, TOKYO, Qatar, United States, Western Australia, China, Japan, South Korea, Taiwan, Ukraine, Oman, U.S, Asia, Singapore, Tokyo, Beijing, Seoul, Sydney

☆ Japanese companies team up for battery storage project to fuel clean energy expansion
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Japan's Itochu Corp (8001.T) said on Wednesday it has jointly established a power storage company with Osaka Gas Co (9532.T) and Tokyo Century Corp (8439.T), as the country's expansion in renewable energy drives demand for storage capacity. Batteries are central to Japan becoming carbon neutral by 2050, as they are critical for storage of renewable energy to smoothen output fluctuations. The project will have capacity of 23 megawatt hours and output of 11 megawatt, for which Itochu would provide storage batteries and construction, Osaka Gas would trade the power and Tokyo Century would do business management. Japan is targeting over $24 billion in investments both from the public and private sectors to develop domestic battery production capacity of 150 gigawatt hours (GWh) by 2030, including for electric vehicles, and global production by Japanese companies of 600 GWh. Reporting by Katya Golubkova; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Itochu, Katya Golubkova, Rashmi Organizations: Itochu Corp, Osaka Gas Co, Tokyo Century Corp, Osaka Gas, Thomson Locations: Osaka prefecture, Japan, Osaka, Tokyo

☆ Freeport to restart liquefaction train at Texas LNG export plant this week
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

Feb 3 (Reuters) - Freeport LNG, the second-biggest U.S. liquefied natural gas (LNG) exporter, said on Friday it plans to restart one of three liquefaction trains at its long-idled Texas export plant this week. Liquefaction trains turn natural gas into LNG for export. In a filing with Texas environmental regulators, Freeport said it "anticipates the purge and restart of Liquefaction Train 3 will begin on Feb. 3 with Trains 2 and 1 following sequentially." The Freeport plant shut after a fire in June 2022. Despite the planned Freeport restart, however, U.S. gas futures fell about 3% to a 25-month low on Friday due to forecasts for milder weather in February.

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