ExxonMobil (XOM) is considering importing liquefied natural gas to help plug a looming gas shortage from 2021 and protect its market share, Reuters reports, citing the company. The move by ExxonMobil, which is also ramping up exploration off the coast of Victoria and mulling the development of a gas field close to an existing field, comes as AGL Energy (AGLNY) plans to start importing LNG by 2021 and a consortium including Japan's JERA plans to begin imports from 2021. Reference Link
Australian Financial Review reports that Royal Dutch Shell (RSA.A) is mulling a foray into Australia's domestic retail energy market, competing with Origin Energy (OGFGY) and AGL Energy (AGLNY). The report cites Shell's global director of integrated gas indicating that a service for retail customers was the "next logical step" in matching the company's U.K. operations. Reference Link
AGL Energy upgraded to Buy from Neutral at Citi. Citi analyst James Byrne upgraded AGL Energy to Buy saying political risks have lessened after the government announced its energy policy dubbed the National Energy Guarantee. The analyst raised his price target for the shares to A$26.88.