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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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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