Oil and gas boss seals deal with Taiwan, hits out at Canberra
Brad ThompsonReporter
Key Points
- Why it matters: Carnarvon sold half its stake in the Dorado gas project off WA’s north-west coast.
- Its CEO said policy changes have hurt the perception of Australia as a stable jurisdiction.
Carnarvon Energy boss Adrian Cook said Australia is losing some of its hard-earned reputation as a reliable jurisdiction for oil and gas investment at the hands of policy tinkering by the Albanese government.
Mr Cook’s warning came after Carnarvon finalised the sell-down of its stake in the Dorado offshore gas project to Taiwan’s state-owned oil and gas company, CPC Corporation.
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