Key policy battlegrounds, page-46

This post is mostly nonsence.  Qatar doesn't allow private investment by and large and where it does it takes a equity stake (free of some 30% plus in the project before company tax is paid where it allows any private investment meaning effective tax is plus 50%).  Far worse than the company tax and royalty paid in Oz, noting the PRRT in offshore waters is on economic rent in any event, and PRRT is too be paid by the likes of Gorgon and Wheatstone btw in time when recoup initial capex plus profit margins etc etc so need to understand how PRRT works btw, so as per my earlier post you need to understand how PRRT works.  In terms of cost, well Quatar, the gas reserve, is onshore, not offshore like here so cost structures differ anyway (i.e. you don't need expensive offshore gas fields connected by offshore expensive pipelines connected to onshore facilities by another expensive pipeline in Quatar) and during production labour is a very minor cost btw.  And yet despite your comment you can't explain why Oz is about to takeover Quatar as the world's largest LNG exporter.

As to your second point on domestic gas, in WA this is known before a Final Investment Decision or even exploration takes place (it is a requirement so no sovereign risk there in WA).  In another words no sovereign risk because companies know they have to reserve gas before deciding whether to invest in LNG facilities in WA or not. Overeast you have the problem because the numpties over there had no idea on how to reserve gas as per my earlier post in this thread, so they are seeking to retrofit a solution once exports are made.  So sovereign risk comment might be appropriate overeast, but not in WA.  Even the land of the free, the USA, doesn't allow LNG exports until the needs of the domestic economy are met.

And gas is needed in a domestic economy to provide the competitive tensions in fuel sources for providing a reliable, secure and competitive energy source to lower electricity prices in this country.

The term market failure is something the government needs to understand overeast when next a proposed LNG policy comes onboard and before they even allow that they need to tell the project proponent reserving gas is a requirement if they want to proceed - just like WA does before the first dollar in exploration occurs so the goalposts and risks are known in advanace. 

The resources belong to the Crown (State's - onshore) and Australian people (offshore) - they need to benefit Australians first before any excess is exported.  Just like most countries in the world have reservation policies for gas and oil, read USA for example, unlike overeast in Oz who are too stupid, I will repeat it again too stupid, because of their unfettered love for laisser faire economics and not understanding the concept of market failure.  And most LNG in Oz is exported from WA, a State that has a reservation policy and has had one for a long time from Court and then more formally done by Carpenter (State Premiers).

All IMO