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Stock impact report

Australia rules out curbs on gas exports after producer deal [Financial Post (Toronto, Ontario, Canada)]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Financial Post
avert a forecast supply crunch, Resources Minister Madeleine King said on Thursday. Amazon Canada confirms Prime sale in October Advertisement The government threatened the export curbs in August, worrying Asian buyers and LNG investors, following a warning by the competition watchdog that the east coast market faced a shortfall of 57 petajoules of gas in 2023. The pact unveiled on Thursday provides for Queensland Curtis LNG, run by Shell, Australia Pacific LNG, run by ConocoPhillips , and Gladstone LNG, run by Santos, to offer an extra 157 petajoules of gas to the domestic market next year. “Given the agreement means the projected shortfall will be avoided, I am satisfied I do not need to take steps to activate the Australian domestic gas security mechanism at this time,” Resources Minister Madeleine King said in a statement. The terms require the LNG exporters to offer uncontracted gas to the domestic market before international buyers and ensure domestic buyers will not Show less Read more
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