Experts: Australia can expect energy-market changes due to shale gas

10/29/2013 | Australian (tiered subscription model), The

Australia needs a "more attractive" tax regime before it can expect medium- to long-term changes in its energy market as a result of shale natural gas development, according to experts. "I think governments always look for the right balance between taxation and encouraging people to go out there," said Peter Cleary of oil firm Santos. "I think America shows you that when you promote a system where there's fair returns available to all [and if] you encourage people to go out there and take risk, then that will happen."

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Australian (tiered subscription model), The

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