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Feb 25, 2011

Global LNG-Asia spot steady, demand slows as spring nears

PERTH, Feb 25 (Reuters) – Asian spot prices of liquefied
natural gas (LNG) held steady this week, hovering at the $10 per
million British thermal unit (mmBtu) mark in a very thinly
traded market.

“There are little pockets of demand for the second half of
March and April, but nothing dramatic at the moment. It’s
looking pretty stable in terms of pricing,” one Singapore-based
trade source said.

Feb 25, 2011

Sinopec, Australia Pacific in 20-yr LNG deal

BEIJING/PERTH, Feb 25 (Reuters) – China’s Sinopec clinched
the second-largest single Chinese liquefied natural gas deal,
and ventured for the first time into a foreign
unconventional gas asset to feed a domestic boom for the clean
fuel.

Sinopec Group, parent of Sinopec Corp ,
signed a preliminary deal for 20 years of LNG supplies with
Australia Pacific LNG Pty Ltd (APLNG), and will acquire a 15
percent stake in the giant coal seam project owned by U.S.
energy firm ConocoPhillips and Australia’s Origin Energy
.

Feb 15, 2011

Asia Coal-Australia thermal coal prices climb above $126/tonne

PERTH, Feb 15 (Reuters) – Australia’s thermal coal prices, a
benchmark for Asia, climbed to over $126 per tonne as news of a
force majeure at Xstrata’s Ulan mine in New South Wales
boosted prices.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $126.28 per tonne on Monday, up from $125 a week
earlier and up $3.82 from $122.46 on Friday.

Feb 3, 2011

Too early to gauge impact of Cyclone Yasi on metals, coal

SYDNEY/PERTH, Feb 3 (Reuters) – Metals producers and coal
miners said on Thursday they were unable to begin measuring the
impact of Cyclone Yasi on operations in northeastern Queensland
due to high winds and rain in the region but were hoping to
start the process as the storm loses steam.

The 30,000-tonnes-per-year QNI nickel refinery remained shut
after the brunt of the Category 5 cyclone slammed into the
coastline overnight packing winds of up to 300 km (186 miles) an
hour near its core, a spokesman for the refinery said.

Feb 2, 2011

Exclusive: BHP, Peabody shut coal mines ahead of cyclone

PERTH (Reuters) – Global miners BHP Billiton and Peabody Energy have shut several coal mines located in Australia’s coal-rich Queensland state ahead of a cyclone, which is due to make landfall early Thursday.

Cyclone Yasi is hitting Australia’s coal industry just as it is beginning to get back on its feet from devastating floods that slashed coal exports.

Feb 2, 2011

BHP, Peabody shut Australian coal mines ahead of cyclone

PERTH, Feb 2 (Reuters) – Global miners BHP Billiton (BHP.AX: Quote, Profile, Research)
and Peabody Energy (BTU.N: Quote, Profile, Research) have shut several coal mines located
in Australia’s coal-rich Queensland state ahead of a cyclone,
which is due to make landfall early on Thursday.

Cyclone Yasi is hitting Australia’s coal industry just as it
is beginning to get back on its feet from devastating floods
that slashed coal exports.

Feb 2, 2011

Asia Coal-Australia thermal coal prices up over $127/tonne

PERTH, Feb 2 (Reuters) – Australia’s thermal coal prices, a
benchmark for Asia, climbed to more than $127 a tonne week to
date, supported by the ongoing impact of floods in Queensland
state on coal supplies.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $127.88 per tonne on Tuesday, up from $124.44 a week
earlier and up more than $5 from $122.98 on Friday.

Jan 25, 2011

Gladstone coal exports up to nearly 50 pct capacity this week

PERTH, Jan 25 (Reuters) – Australia’s Gladstone Ports
Corporation said on Tuesday it will export 500,000 tonnes of
coal this week, nearly half of its usual capacity, after weeks
of operating well below capacity due to flooding in Queensland.

“By the end of next week we expect our stockpile to be over
the million tonne mark and increasing,” Leo Zussino, Gladstone
Ports’ Chief Executive said.

Jan 24, 2011

Queensland mines reap benefits of flood precautions

PERTH, Jan 24 (Reuters) – As floods that nearly brought
Australia’s $50-billion coal industry to a halt recede in the
state of Queensland, coal mines that stepped up precautions
after similar flooding in 2008 may be able to rebound faster.

The flooding in recent weeks, brought on by rains triggered
by a La Nina Pacific weather pattern, caused coal price spikes.

Jan 20, 2011

Santos Q4 output dips; rains, floods hurt production

SYDNEY, Jan 20 (Reuters) – Energy firm Santos ,
which recently approved its $16-billion Gladstone liquefied
natural gas (LNG) investment, said extensive rains and floods
across Australia sharply cut its 2010 output and halted some
coal seam gas exploration.

Santos said its full-year output was reduced by about 3
million barrels of oil equivalent (mmboe) in 2010 and its
full-year output was 49.9 mmboe, near the bottom of its 49 to 52
mmboe guidance range.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
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