Australia's Gas Sector Scores Win in Wider Push to Ease Red Tape
Australia's natural gas sector secured a long-awaited regulatory victory with permission to extend the life of the nation's biggest export plant, but the industry is still grappling with policy uncertainty that it says hampers investment.
The Woodside Energy Group Ltd. -operated North West Shelf project received provisional clearance on Wednesday to run to 2070 after a process that lasted more than six years. However, many other multibillion-dollar gas projects planned over the next decade are still waiting for approvals from state or federal government agencies.
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