Exxon abandons Aussie LNG import plans to focus on liquefaction

An offshore platform in the Bass Strait (ExxonMobil)

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,...