Agree with the previous posts on this. Checked some research...

Agree with the previous posts on this. Checked some research myself and felt there was some good info in the attached.

http://www.mediastatements.wa.gov.au/pages/StatementDetails.aspx?listName=StatementsBarnett&StatId=7357

The agreement, which is for an initial term of 25 years, with a possible 25 years extension, will:

encourage investment in a significant exploration and evaluation program to determine the technical and economic viability of the natural gas resources
enable the Government to set firm timetables for development of gas discoveries

ensure domestic gas production and delivery occurs before any gas is supplied for export

ensure an amount equivalent to 15% of any gas processed for export is reserved for domestic use

make available for sale related products such as ethane, propane, butane and condensate, for the possible manufacture of chemicals or use as transport fuel
defer relinquishment conditions of the Petroleum and Geothermal Energy Resources Act 1967 for five key permits

facilitate the development of pipelines and other infrastructure to deliver gas to the State’s domestic gas network

This Bill was also introduced to Parliament in November last year but lapsed with the prorogation