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Tuesday, 2 May 2017

Australia gas export restrictions only damage reputation: Russell | Reuters

Australia gas export restrictions only damage reputation: Russell | Reuters:

"When governments adopt new policies the benchmark for success should be that the change works, is efficient and fair to all parties and does not create unintended consequences.

The decision by the Australian government to restrict exports of natural gas if the domestic market is constrained meets none of these criteria, although it may just persuade an increasingly angry public that the authorities are doing something.

Whether the new policy does serve some short-term political objective shouldn't distract from the view that this is a radical change that will serve mainly to undermine Australia's reputation as an investment destination of choice for the resource sector."



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