Lloyds Plans to Help Finance Investments in Australian Shale Gas

Lloyds Banking Group Plc, the London-based lender, said it is in talks with U.S. energy companies to help finance shale gas investments in Australia.

“The next shale gas opportunity will be Australia,” Andrew Moorfield, managing director and global head of oil and gas at Lloyds, said in a phone interview from Sydney. “We believe it’s the next big play and that the shale gas story in Australia is going to happen faster than people expect.”