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The largest gas supplier in southeastern Australia, ExxonMobil, is considering the possibility of liquefied natural gas import in connection with an impending gas shortage from 2021 to protect its market share, Reuters reports. The import of LNG by 2021 is also planned by AGL Energy, the second-largest seller in Australia. The consortium with the participation of the Japanese JERA intends to begin importing from 2020. In March,the operator of the Australian energy market warned that theVictoria state, the leader in gas consumption in the country, could face a gas deficit in mid-2021. ExxonMobil is also considering the possibility of a West Barracouta gas field development near the existing field.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
British multinational investment bank HSBC saw its shares slump as low as 3% on Wednesday as the U.S. contemplates measures to sanction banks in the city, as well as de-pegging the Dollar from the Hong Kong Dollar. HSBC shares fell by 2.72% ...
Australia’s second-largest lender, Westpac Banking Corp. (WBC.AX), announced on Friday that it would pay AUD 8 Million ($5.5 Million) including interest to around 8,000 employees who have underpaid their long service leave entitlements ...
Australia is set to launch its fourth economic stimulus package aimed at providing eligible residents the opportunity to renovate their homes. The scheme was announced by Prime Minister Scott Morrison on Thursday as the country attempts ...
Australia’s economic contraction may come milder than previously thought, completely disregarding the possibility of negative interest rates or quantitative easing measures, the Reserve Bank of Australia said on Thursday. Though the ...
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