Oil Majors Warn That Australia’s Natural Gas Policy Could Make Shortages Worse ...Middle East

Shell, Chevron, and Exxon have warned the Australian government a proposal aimed at curbing natural gas shortages on the domestic market might end up making them worse instead. “The fact that the easiest lever the federal government now has to solve the southern gas problem is export controls, is not a reason to pull that lever harder,” the chairwoman of Shell Australia, Cecile Wake, said at an industry event in Sydney, as quoted by Reuters. “This does not increase supply; it simply redistributes it and when coupled with price…

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