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Andrew Leibovitch (left) and Will Barker lead Western Gas. Photo: Attila Csaszar

Equus deal targets domgas supplies

A newly established company led by a group of Perth oil and gas executives aims to become a major supplier to the domestic gas market after buying the offshore Equus gas fields from US company Hess Corporation.

The surprise deal increases the likelihood Western Australian industry will have plentiful supplies of gas for many years to come, in contrast to the gas supply crisis on the east coast.

Hess had previously sought to develop Equus as a supplier to export-focused liquefied natural gas (LNG) projects, but was unable to complete a deal with Woodside Petroleum.

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