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Policy & Regulation

Labor to boost development of remote basins

Australia’s opposition Labor Party plans to allocate funding to spur unconventional gas development in the Northern Territory and Queensland Australia’s opposition Labor Party plans to allocate funding to spur unconventional gas development in the Northern Territory and Queensland.
By Sally Bogle 25 April 2019 Asia Pacific / Exploration & Production 0 34161
A rig in Australia's Galilee Basin. (Exoma)

The key issue: Australia’s Labor Party signalled this week that it will scrap the Northern Australia Infrastructure Facility if it wins the forthcoming general election, allocating funding instead to spur development of vast onshore shale, tight and CBM resources in the Northern Territory and Queensland.

Interfax analysis: The Australian federal government’s A$5 billion (US$3.5 billion) Northern Australia Infrastructure Facility (NAIF) has been criticised for being too broadly focused and slow to allocate handouts, and for paying its management high salaries with little to show for...