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Last update: Sat, 01 Oct 2016 08am

Australia

Markets - Energy - Australia

Australia regulator says reviewing Origin proposal to buy BP gas terminal SYDNEY: Australia's antitrust regulator said on Monday it was reviewing a proposal by top energy retailer Origin Energy to buy out BP Plc's stake in the Bulwer Island gas terminal they jointly own in Brisbane.In a statement on its website, the Australian Competition and Consumer Commission said it would rule on the proposal on March 19. Origin, which already has a 50 percent stake in the Bulwer Island facility, declined comment.Origin has been expanding into export-oriented businesses, such as oil and gas exploration, to offset declining domestic retail demand for energy.BP and other refineries owned by Royal Dutch Shell Plc , Exxon Mobil Corp and Caltex Australia Ltd , have meanwhile been scaling down their operations in Australia as they struggle against strong competition in Asia, falling oil prices and high costs.BP said last year it would stop production at Bulwer Island by mid-2015 as it restructures its struggling refining ...

Markets - Energy - Australia

Australia's North West Shelf LNG launches 5-cargo tender MILAN: Australia's North West Shelf liquefied natural gas (LNG) export plant on Monday launched a tender to sell at least five cargoes from April, a source with direct knowledge of the matter said.The 16.3 million tonne per year capacity plant expects to sell the supply in two tranches with final bids for the cargoes due by Jan. 26, the source said.The unexpected tender signals a delay of around three months to reforms of how NWS ...