Executives say Australia gas moves may hit long-term energy investment
Reuters
23-05-16 10:24
Australia's extensive government intervention in domestic gas prices could harm investments in the country's wider energy sector, industry executives have warned. Successful investment in Australia's resources sector has been attracted in part thanks to abundant resources and a stable investment environment. However, a spate of recent government measures, including caps on local natural gas and coal prices, could deter investors, according to Saul Kavonic, head of energy and resources at Credit Suisse. The Australian government has also proposed expanding its powers and curbing gas exports from Australia's three east coast projects.