Exxon to Build LNG Terminal in Australia
Exxon to Build LNG Terminal in Australia

Exxon to Build LNG Terminal in Australia

Exxon to Build LNG Terminal in Australia

ExxonMobil plans to develop a project to import liquefied natural gas on Australia’s east coast that has been suffering from gas shortages lately.
The US supermajor is planning for the project to start up as early as in 2022, a spokesman for Exxon told Platts in an email on Monday, Oil Price reported.
Exxon’s Australian unit Esso Australia Pty Ltd and a unit of BHP Billiton each hold 50% in the Gippsland Basin Joint Venture for oil and gas exploration off the Gippsland coast in the state of Victoria. Earlier this year, ExxonMobil and BHP Billiton decided to abandon the 20-month-long sales process of their joint aging oil and gas assets offshore Australia and said they would keep the ownership and operation of the fields and associated infrastructure.
Although Australia is closing in on Qatar to become the world’s largest LNG exporter, its eastern coast has been suffering from an LNG shortage as declining production from mature fields and long-term LNG export contracts have created a gas crunch in some parts of Australia.


Short URL : https://goo.gl/FS9LKF
  1. https://goo.gl/ujgV3Q
  • https://goo.gl/okELgB
  • https://goo.gl/jpZfpv
  • https://goo.gl/TKp9XE
  • https://goo.gl/Bn4bKS

You can also read ...

Shell in Talks to Sell $2b Worth of Nigeria Assets
Royal Dutch Shell Plc is in talks to sell two Nigerian oil...
Germany Suggests India Continue Iran Oil Imports
Speaking to Indian TV, Germany voiced hope that India would...
Japan Will Face Higher Gasoline Prices After Halting Iranian Crude Purchase
Japan’s major oil distributors are considering halting oil...
Argentina to Export Natural Gas to Chile
Argentina will begin exporting natural gas to Chile from...
Egypt Hikes Gas Price by 75%
Egypt said on Saturday it was raising the price of natural gas...
Cheap Fossil Fuels Hinder Renewables Development
The key factor hindering renewable energy development in Iran...
NIDC Indigenizes  Eco-Friendly Well Test Burner
The National Iranian Drilling Company's experts have designed...
NPC Earns $3b in Q1
The National Petrochemical Company earned $3.1 billion in...

Add new comment

Read our comment policy before posting your viewpoints