ExxonMobil, whose main Australian LNG stake is in Gorgon LNG in Western Australia, said it was planning to increase its presence in the domestic market by developing the West Barracouta natural gas field in the Bass Strait between the southern Australian states of Victoria and Tasmania.

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The Australian state of Victoria has delayed an LNG regasification project planned by AGL Energy to end energy shortages because the Labor-run government has ordered a full environmental assessment of the venture ahead of November elections.

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Santos Chief Executive Kevin Gallagher said the Australian energy and LNG production company was committed to boosting Cooper Basin production and working with domestic industry to deliver competitively priced natural gas as it signed another wholesale agreement.

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