‘Lawfare’ threatens Australian investor confidence
Barossa is just the latest project impacted as the industry warns of a worsening regulatory environment
“Investment in Australia will dry up” without renewed regulatory certainty, cautioned Kevin Gallagher, CEO of Australian LNG producer Santos. Gallagher issued the warning as Santos fights a court battle over a section of subsea pipeline integral to the Barossa gas project, a development that is required as a fresh source of feedgas for Darwin LNG. The Federal Court of Australia recently issued an interim injunction halting work on the Barossa project’s pipeline where it nears Bathurst Island, following a legal challenge by Tiwi traditional owners. Plaintiff Simon Munkara—later joined by other Tiwi plaintiffs and backed by legal pressure group the Environmental Defenders Office (EDO)—lodged
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields