AUSTRALIA

ETS will sink a third of new LNG projects: APPEA

THE federal government's proposed emissions trading scheme would result in the cancellation of a third of new liquefied natural gas projects, APPEA chief executive Belinda Robinson told a Senate committee hearing into fuel and energy yesterday.

APPEA said its modelling showed that of the 16 planned LNG projects, 28-37% would not go ahead under the ETS. Robinson said Australia had relatively high extraction costs for LNG, and that not only could...

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