LNG investors may want compensation to divert gas to local market

The theory that investors in the Queensland LNG projects may want compensation if they are forced to divert gas into the local market has strengthened after Santos chief executive Kevin Gallagher said the GLNG partners had a right for their investment to be protected. Mr Gallagher pointed to a “value impact” for the partners in…

Sheikh refuses access to NT property

A BILLIONAIRE sheikh Hamad bin Hamdan Al Nahyan from the royal family in the United Arab Emirates — who made his fortune through oil — has refused the exploration attempts of an oil and gas company on his pastoral property in Central Australia. The actions have raised questions regarding the right of veto being sought…

How Australia is being screwed over its gas

AUSTRALIA is “swimming in gas” but ordinary citizens are not benefiting from this precious resource. Recent warnings of a coming gas shortage has exposed what a raw deal Australia has when it comes to its own resources. As energy analyst Bruce Robertson told news.com.au last week, Australia has been “uniquely stupid” in allowing companies to…

Farming, gas can co-exist, says Barnaby Joyce

Nationals leader Barnaby Joyce has warned his federal colleagues that the party will not allow wholesale coal-seam gas mining across prime agricultural land, but says farming and mining “can exist in balance and should be considered on a case-by-case basis”. The Deputy Prime Minister’s comments put him at odds with his Victorian counterparts, who support…

Fracking halted in the Northern Territory

The Northern Territory government has imposed a moratorium on fracking while it conducts an independent inquiry. Chief Minister Michael Gunner says the move delivers on an election promise from Labor. “It’s clear that Territorians are concerned about the effects of fracking on our land, water and environment. My government is acting on those concerns,” Mr…

Fracking banned in Victoria 

FRACKING will never happen in Victoria, with the state becoming the first in Australia to permanently ban all exploration and extraction of unconventional onshore gas but exploration and development for offshore gas will continue. A moratorium on the exploration and extraction of conventional onshore gas — a process industry groups say can take place without…

What are the issues about fracking in Australia?

Condamine River Queensland! Gas explodes from Australian river near fracking site   What are the issues about fracking in Australia? There are numerous social and environmental issues associated with coal seam and shale gas mining, and fracking comes with its own set of specific concerns on top of that. Here are the key points: All…