Total Seeking More Australian Acquisitions

French energy giant Total is looking to acquire more gas assets in Australia as part of its expansion plans in the country.

Total along with Inpex recently finalised the $34 billion Ichthys LNG gas project off northern Australia.

"There is no limitation for Total to invest more in Australia," the company's senior vice-president for exploration and production in Asia, Jean-Marie Guillermou, told the Australian Financial Review.

"Australia is a core asset and is part of our future. If tomorrow we have the opportunity to find another Ichthys, we have the money to invest and develop it alone," he added.

Guillermou said acquisitions could involve individual assets in gas, including shale gas, or takeovers, with the company expecting to spend up to $14 billion in Australia over the next five years.