Australian Prime Minister Confirms Government Will Legislate Controls On Gas Export
20 Giugno 2017 - 5:49AM
Dow Jones News
By Rob Taylor
CANBERRA, Australia - Australia's conservative government will
go ahead with legislation to put export controls on gas, Prime
Minister Malcolm Turnbull said Tuesday.
"We are taking immediate action to put downward pressure on
power prices and ensure reliable and secure energy for all
Australians," Mr. Turnbull told reporters. "We will be implementing
our gas regulation that affects exports… as one of the factors that
affects the high price of energy at the moment is a shortage of
gas."
Under the proposed legislation, which is still to pass through
Parliament, liquefied natural gas projects taking gas from the
domestic market in order to meet long term contract commitments
abroad will be stopped from exporting the amount of gas which
equates to any gas shortfall locally.
-Write to Rob Taylor at rob.taylor@wsj.com
(END) Dow Jones Newswires
June 19, 2017 23:34 ET (03:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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