Woodside said that the Australian government has recognized the country’s liquefied natural gas (LNG) industry as a sector which is likely to qualify for assistance under the proposed scheme.
Don Voelte, Woodside’s CEO, has said that the company would take time to understand how the LNG industry would be affected by the scheme outlined in the government white paper.
Mr Voelte said: “We look forward to working with the government to minimize the impact of the scheme on LNG, and to discussing other measures which can enhance the growth of the industry in Australia. We will continue to emphasize the positive role LNG can play in helping reduce global greenhouse gas emissions, and the contribution the sector’s growth can make to the Australian economy.
“Our concern remains that, in implementing an emissions trading scheme, the government does not make the industry less competitive with producers elsewhere in the world. We do not want a scheme which will cost Australian jobs or lead to an increase in greenhouse gases through the burning of higher emission fuels.”
Woodside is an Australian publicly-traded oil and gas exploration and production company. Based in Perth, Western Australia, Woodside has major operational assets and exploration and development interests in five continents including Australia and the United States, claims the company.
