"A lot has changed since we were at 4.7.our IC is a lot smaller back then too."
Yes the APPEA conference presentation was probably booked some time ago.
Punters have taken it as a means of last resort as opposed to a "planned event" ,is my presumption.
Are punters selling on rumor?,because clearly some one is buying something-fact or otherwise.
What of the liberals Northern Australia policy? The Canning Basin is north of the Tropic Of Capricorn,so it fits into the policy. Frankly I would think eric is trying to find ways to get out of his contract with the State of WA,so federal liberals will pick up the price tag for the $500 million gas pipeline,he's contracted to build,so he can sell his gas. If the Canning is the main event,why are punters selling out because some but not all of OBL's other prospects are for sale?
The Coalition does not believe that the ‘Northern Australia Strategic Partnership’ should‘pick winners’ or evolve into a quasi-regional government authority. It should nevertheless function as an effective centre for executive decision-making on the policies that will facilitate private sector investment in the North, as well as a mechanism that promotes action and accountability by the various Commonwealth,State and Territory bodies that may be responsible for the implementation of such policies.
Ideally, well targeted economic infrastructure can generate a virtuous cycle in which infrastructure improvements and economic growth can become mutually reinforcing. Development of port infrastructure to service new mining developments, for example,can provide the impetus for broader economic and population expansion which, in turn, can make unviable road projects into viable ones. It will be important for cost-benefit analysis of potential infrastructure projects in Northern Australia, as elsewhere around the country, to take account of these potential positive feed backs. Ultimately, sustained and significant economic growth in Northern Australia cannot be achieved without adequate underlying infrastructure. Doing business in its absence is difficult at best and impossible at worst, especially for industries such as resources,energy supply, and agriculture that rely upon efficient logistics and transmission. Investment, much of which can be provided by the private sector, is required in a number of key areas in order to enable long-term, sustainable growth. Key infrastructure gaps include:
Opportunity: $150 billion energy export industry for Northern Australia
World energy consumption is projected to increase 47per cent between 2010 and 2035,placing strain on existing infrastructure, particularly in developing economies.
14 An opportunity exists for large-scale energy provision to sustainably meet this growing demand.
Northern Australia has significant potential to help mitigate problems with energy provision across Asia and the Tropics and to grow its energy export industry to over $150 billion in 20 years. The region is already home to 90 per cent of Australia’s gas reserves in the Browse,Bonaparte and Carnarvon basins which can continue to be strong sources of growth.
15 In addition, it is also home to numerous rivers and tracts of land that are well-located for hydro, solar and wind power. Examples of some possible projects include the Kings Canyon Solar Power Station, the Burdekin Dam Hydro-Electricity project and Kennedy Wind Farm.
Government, in concert with the private sector, can play an active role in supporting the development of a Northern Australian energy industry. This includes supporting the development of new energy infrastructure (such as pipelines and transmission lines) and streamlining legislation related to energy infrastructure development projects.
