Correcting myself, we are subject to the current 15% as of 15/8/23 Ann
Buru welcomes WA Domestic Gas Policy
Buru Energy Limited (Buru, Company) is pleased to advise that on 16 August 2023, the Western Australian Government announced an update to its Domestic Gas Policy (Policy) which allows the export of gas from the Canning Basin, containing Buru’s 100% owned and operated Rafael conventional gas and condensate discovery. The Policy requires Canning Basin gas project developers to make available 15% of export volumes for the domestic market. Buru’s phased development strategy for commercialising its Rafael discovery works in harmony with this Policy.
The Canning Basin is not connected to an existing pipeline network. By confirming the project is able to export gas in the future provides Buru with strategic optionality to develop Rafael, and significantly enhances the attractiveness of the project to potential development partners. This is positive for the development of Rafael and the Canning Basin, positive for the region
and positive for our shareholders
https://www.buruenergy.com/site/pdf...430a/Buru-welcomes-WA-Domestic-Gas-Policy.pdf
Remains to be seen if they would change it again
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