Oil and gas projects on the backburner following gas cap intervention – Rip News

APPEA CEO Samantha McCulloch says the gas market has put projects under assessment to understand the impact the gas cap intervention will have on individual projects.

“There is considerable uncertainty in the market and what we have is around $20.7 billion of oil and gas investments planned on the east coast of Australia that are now facing considerable uncertainty because of the government reforms introduced last week,” Ms McCulloch told Sky News Australia.

“The extent of these market interventions are really unprecedented and far-reaching.”

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