“Previously agreed funding for new supply developments has...

“Previously agreed funding for new supply developments has already been pulled. No one in the market has any idea how to plan for the months ahead, let alone agree on a contract.”The Ocean Onyx drill rig, which is being used by oil and gas producer Beach Energy in the Otway Basin. There are rumours that a funding deal to underpin a new Queensland source of gas supply proposed by a junior player in the sector was pulled at the weekend. Industry analysts, meantime, point to a series of proposed domestic gas projects thrown into doubt, including drilling in the offshore Otway and Gippsland basins off Victoria, in the Cooper Basin in South Australia, and several planned developments in onshore Queensland.