Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

AIM - Assets In Market

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Iran negotiations - is the end nigh?

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Yemen: The Islamic Chessboard?

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Acquisition Criteria

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Valuation Series

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Showing posts with label Pluto. Show all posts
Showing posts with label Pluto. Show all posts

Sunday 16 June 2019

Woodside's Pluto LNG restart delayed

Source: RBC
Woodside's restart from its planned Pluto LNG turnaround will be delayed until the end of June after initial restart efforts were unsuccessful. Vibration in the refrigerant compressor has delayed restart.

In the interim, Woodside will be purchasing cargoes from the market to fulfill its contractual obligations. However Woodside are making a healthy margin of  c.USD5/mmbtu with the current lull in Asian spot LNG prices due to subdued summer demand.

Spot LNG prices are c.USD5/mmbtu and Woodside's contractual supplies have achieved c.USD10/mmbtu.

#LNG