New gas developments will need government underwriting to proceed, Queensland gas pioneer Richard Cottee says, as he confirmed the expansion plans of two junior gas developers were being reconsidered after the government moved to cap prices.
“If the bureaucrats think they know far more than market forces, then the command economy will have to step in to compensate,” Mr Cottee told AFR Weekend.
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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.
