The Australian Petroleum Production and Exploration Association (APPEA) Chief Executive David Byers has commented on the significance of the repeal, saying that it allows Australian LNG exporters to again be competitive in the global market.

“Wood Mackenzie forecasts that by 2025, LNG demand within the Pacific Basin alone, will outstrip supply from existing or committed LNG projects by 160 MMt,” APPEA Chief Executive David Byers said. “Surging LNG demand in Asia presents an enormous opportunity for Australia. However, rising development costs raise doubts about the attractiveness of continued inv...