“It is imperative that we get this gas out of the ground and into the international markets as soon as possible,” he said in a keynote address at the 2013 Australian Petroleum Production & Exploration Association Conference in Brisbane, Queensland. “(As) our competitors start catching up, we must look at every opportunity”.
When an offshore retention lease is up for renewal, Australian federal and state governments generally choose to grant it only if the development is not yet commercially viable.
