Exxon, BHP to invest $291 mln to expand gas output off Australia

$Exxon Mobil (XOM.US)$ and $BHP Group Ltd (BHP.AU)$ said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.
Extra gas output needed by mid-decade
First 30 PJ of extra output expected in 2023
Exxon vying with proposed LNG import terminals