Gas cap and affect on STO?, page-53

From 'AFR': will be in print on Friday 16 December 2022:

"...Santos chief executive officer Kevin Gallagher was scathing of the price controls and said he would require specific assurances before developing the Narrabri gas field in NSW. He suggested a version of the “fiscal stability agreements” imposed by foreign investors on countries such as Argentina, Venezuela or Nigeria.

This policy will damage Australia’s access to the capital inflows our industry needs to develop new gas supplies and that Australia will need to fund the energy transition,” he said.

“This policy is not only bad for our industry, but it is even worse for customers as it will result in the loss of direct manufacturing jobs if they cannot get access to gas or have no options to transition to cleaner fuels that are also costlier.

“They will then be faced with a decision of shutting down or moving to jurisdictions that provide certainty of supply of gas..."