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.

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Höegh LNG, the Norwegian LNG fleet owner and floating terminal projects company, returned to profit in the fourth quarter as it prepared to deploy a floating storage and regasification unit (FSRU) as India’s latest import terminal in the West Coast port of Jaigarh in the state of Maharashtra.

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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.

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