Project Insights
Exxon abandons Aussie LNG import plans to focus on liquefaction
The company is no longer considering funding a terminal in the state of Victoria as it looks to refocus its operations on large-scale LNG export projects in the US, Mozambique, PNG and Brazil The company is no longer considering funding a terminal in the state of Victoria as it looks to refocus its operations on large-scale LNG export projects in the US, Mozambique, PNG and Brazil.
2 December 2019
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ExxonMobil has shelved plans to build an LNG terminal in Australia’s southeastern state of Victoria as it prioritises investment in large-scale LNG export projects elsewhere in the world.
The United States major’s exit from the LNG import race in eastern Australia will be a significant boost to AGL’s competing import project in Victoria, which is looking to bring in gas to supply its own power stations and gas customers in a market where prices continue to track higher.
In a statement to Interfax, a spokesperson said that,...
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