" This is a sharp policy change"
They renegotiated their natural gas contract with china.
Meanwhile woodside cornered by little johnny kept making massive losses on its chinese contract, curtesy of the spivlibs, and their direct involvement in the negotiations.
So, if an Oz govt. can be directly involved in natural gas contracts, why cant it be involved, in other exports, be they minerals or whatever, it is?
Occasional free “friendship cargoes” were thrown into the deal as a sweetener and prime minister John Howard was widely praised for closing the $25 billion deal.
https://thewest.com.au/business/energy/woodsides-lng-gift-that-keeps-on-taking-ng-b881107483z
I wouldn't be jumping at the bit to nationalise this part of bhps' operations, just yet.
That said, its social license, to operate is on notice, from now on.
Raider
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