LNG

Leading Australian gas and power supplier AGL Energy with LNG import plans for south Australia has decided to split into two companies, one holding the assets of the retail electricity and gas business and another owning the infrastructure such as power plants.

Beach Energy of Australia, the company destined to be the nation’s newest liquefied natural gas exporter from Western Australia, has solved some of the natural gas shortages in southeast Australia with a double gas discovery in the offshore Otway Basin in the state of Victoria.