LNG

Senex Energy, a leading coal-seam gas company controlled by South Korea’s POSCO International in the onshore Surat Basin of Queensland and which is part of the Gladstone LNG upstream supply chain, said it would have to suspend its A$1 billion (US$670 million) investment plan because of the Australian government gas price cap and market interference.

Australian Prime Minister Scott Morrison has said that natural gas is only credible transition route as he works out deals with individual states, while reshuffling his cabinet to provide support for his gas-led energy policies.