Carnarvon Energy chief executive Adrian Cook says Australia cannot afford to take investment dollars for granted in the face of tax and regulation changes.
Its CEO said policy changes have hurt the perception of Australia as a stable jurisdiction.
as they take a pragmatic approach to the energy transition. The Taiwanese paid $US146 million for half of Carnarvon’s 20 per cent stake in Dorado and Carnarvon’s wider interests in the Bedout Basin off Western Australia’s north-west coast. Under its deal with Taiwan, Carnarvon receives an upfront payment of $US56 million, and $US90 million towards Carnarvon’s share of the Dorado development costs if the project goes ahead.
to buy into the $16.5 billion Scarborough LNG project despite Japan voicing concerns about policy changes in Australia.
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