Monday, March 26

Higher prices for Qld's CSG producers

Queensland's coal seam gas producers could face higher expenses under the incoming Liberal National Party government.

The LNP went into the election with a 'full and fair' compensation policy relating to the impact of mining on landowners, such as farmers.

Under the new policy companies will have to pay for any legal costs, compensate for the loss of future development opportunities and time spent negotiating with resource companies.

And according to the Financial Review producers might also have to make their contracts with landowners public.

Almost $50 billion worth of projects are under construction in the state by the likes of BG Group, Santos, Origin Energy and Australia Pacific LNG.

Meanwhile, Katter's Australian Party says Queenslanders will soon learn they voted in a similar animal to Labor when the LNP deals with issues like coal seam gas mining.

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Sky News

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