The Australian Petroleum Production & Exploration Association (Appea) has warned that Australia’s ambitions to become the largest liquefied natural gas (LNG) producer in the world would fail if the country became a high cost, high risk investment destination.
Speaking at the first day of the Appea conference in Perth, Appea chairperson Bruce Lake noted that accumulated policy failures were weighing Australia down, adding unnecessarily to cost, restricting access to resources and creating sovereign risk that was eroding the country’s key competitive advantage, which was a stable operating environment.
