LNG

Beach Energy increased sales in the fiscal first half and was on scheduled to have first natural gas from an LNG feed-gas project in Western Australia and first gas from an East Coast venture while the company painted a gloomy picture of the energy business in New Zealand.

Beach Energy of Australia, the company destined to be the nation’s newest liquefied natural gas exporter, has posted its fiscal second-quarter earnings report showing sales volumes down 5 percent to A$344 million (US$262M) and lower production as it planned a future LNG marketing campaign.