The oil giant’s east Australia senior vice president says the federal government’s gas code will weigh on plans to further invest in this country.
Shell’s Queensland gas boss Kim Code has been unable to rule out a future hit to LNG exports, as the federal government’s gas market intervention makes waves through the sector.
“That’s all got to play out in front of us. I mean, I’m not going to predict the future. It frankly depends partly on geology in many cases. So, there’s not actually an easily predictable point,” Ms Code said.The Commonwealth’s new carbon-cutting rules are further putting pressure on London-based Shell, one of the fivein the world, to reduce emissions from its LNG facility, one of 215 major emitters covered by the safeguard mechanism.
Shell, Woodside Energy and Santos were among at least six gas companies to publish on Monday the volume of uncommitted gas they have available over the next 24 months,for producers in the eastern states. Asked if increased pressure to divert gas from the export market will deter further investment in Australia, Ms Code said government policy was one of many factors.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevron ordered back to mediation over LNG disputeThe US firm argued further mediation would be fruitless but the Fair Work Commission ordered more talks ahead of a hearing on its bid for enforced arbitration.
Read more »
US exported more LNG than any other nation in first half of 2023US exports of liquified natural gas surged ahead of both Australia and Qatar in the six months through June amid strong global demand, particularly in Europe.
Read more »
Weekend home renovation turns up a surprise as owner hits buried mortar shell in backyardA new home owner got the fright of his life after he unearthed a 30-centimetre-long mortar from his backyard. Emergency services, including the Australian Defence Force, blocked off the street to investigate.
Read more »
Chinese steel giant wants out of Queensland after $300m settlementChina’s Baowu will try to sell its remaining Queensland coal assets after closing a disastrous contract that forced it to pay for unused port capacity
Read more »
Fears Queensland will buckle under increased housing pressure supplyThere are fears Queensland could buckle under increased housing pressure supply as further international migration of students continues into the state. Data from the Education Department shows the Sunshine State recorded a 41 per cent spike in international students in the first six months of the year, equivalent to around 40,000 people. Around 16,000 of those are living in purpose-built student accommodation, which has forced many to compete alongside families. The housing market conditions are remarkably tight as rental vacancy rates continue to decrease, with rental prices increasing in multiple areas around Queensland. It comes as the state recorded vacancy rates in all but four regions across Queensland, which have dwindled to below one per cent.
Read more »
Annastacia Palaszczuk weathers opposition leadership barbs in return to Queensland parliamentIn fiery return from holiday, Labor leader points to the state’s firing economy and raises ghosts of past opposition leaders
Read more »