High costs risk to gas boom

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22 October 19, 10:27am #Natgas consumption in the Asia Pacific has nearly tripled since the turn of the century. Australia’s #LNG is help… https://t.co/596uvwJbEy
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by APPEALtd
21 October 19, 1:59pm #DYK the #natgas industry sector employs around 4600 full-time employees in #Queensland and almost $5 billion was p… https://t.co/CScpKnatbE
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16 October 19, 11:04am It was a full house at @QldMediaClub listening to the debate about the importance of #natgas to Queensland and the… https://t.co/9XoSx4YSHs
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16 October 19, 9:00am #Oilandgas industry leaders call for onshore #exploration restrictions to be removed to increase #natgas supply… https://t.co/bXtY2cy14N
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by APPEALtd
Gas Plant - Santos

Australia’s largest foreign investor Chevron told the Australian Financial Review this week that future multi-billion dollar expansions of two LNG projects in Western Australia hinge on bringing about a structural change to Australia’s cost base.

Managing Director of Chevron Australia Pty Ltd, Roy Krzywosinski warned Australia has a two-year window to get policy settings right or risk missing out to overseas rivals for up to $150 billion of pending LNG investment.

“Irrespective of who forms the next government, securing future energy investment will require a recalibration of government policy,” Mr Krzywosinski told the AFR.