LNG

Leading Australian utility company AGL Energy posted a large fiscal first-half loss due to impairments but in post-earnings statements the company said it expected to make a final investment decision soon on the liquefied natural gas import project at Crib Point in the southeast Australian state of Victoria.

Australia LNG operator Santos said it signed an accord to sell a 12.5 percent interest in the Barossa natural gas project planned as a feed-gas source for Darwin LNG to the largest Japanese LNG importer, JERA Co. Inc.