Group 1 - ConocoPhillips has made a natural gas discovery in the Otway Basin off the Australian coast, with reserves and commercial viability yet to be estimated [1] - The Essington-1 well marks the first discovery in the Otway since 2021, indicating a promising start to ConocoPhillips' exploration activities in the region [2] - ConocoPhillips holds a 51% stake in the Otway Basin project, partnering with Korea National Oil Corporation and Australian 3DEnergi, having joined the drilling project in 2019 [3] Group 2 - ConocoPhillips operates Australia Pacific LNG in partnership with Origin Energy and China's CNOOC, which is the largest LNG production site in eastern Australia, supplying nearly one-third of the region's natural gas [4] - The Australian Domestic Gas Security Mechanism aims to ensure sufficient natural gas for local consumers, but has faced criticism for not improving outcomes for gas users [5]