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Policy & Regulation

Aussie poll result a double-edged sword for LNG

The Labor Party’s hopes of forming a government were dashed over the weekend when voters shied away from policies that proposed putting climate change at the top of the political agenda The Labor Party’s hopes of forming a government were dashed over the weekend when voters shied away from policies that proposed putting climate change at the top of the political agenda.
By Sally Bogle 23 May 2019 Asia Pacific / LNG 0 34240
Australian Prime Minister Scott Morrison on stage after his election victory. (PA)

The key issue: Despite polls widely predicting a landslide victory for Australia’s opposition Labor Party, the climate-sceptic incumbent government was returned to power for another three years last Saturday as voters decided the economy was more important than climate change.

Interfax analysis: The Liberal National Party’s (LNP) surprise victory in last weekend’s Australian general election is likely to spur investment in gas and LNG developments as operators look to take advantage of another three years without financial penalties on carbon emissions. However, the result will...