Exxon Brushes Off Concerns About Australia’s Natural Gas Policies ...Middle East

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Exxon Brushes Off Concerns About Australia’s Natural Gas Policies
source : OILPRICE ( Middle East ) () 27
Exxon is no longer worried about the future of its natural gas operations in Australia after the Albanese government imposed restrictions on gas prices late last year to prevent them from rising too high. The Albanese government announced caps on the price of natural gas and coal in December 2022. The price of natural gas will be capped at $8.15 (A$12) per gigajoule and at $85 (A$125) per ton of coal and the cap will be in effect for a year. "Extraordinary times call for extraordinary measures, and we know, with the Russian invasion of Ukraine,…

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