Barnett hardens line on Browse

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WA Premier Colin Barnett was on the ABC this afternoon hosing down Browse FLNG. On any delay in approving the investment decision past June he said from BS:

“If that was the decision that the companies came to, I would say the project would be delayed five to ten years, that would be the first consequence,” Mr Barnett told ABC Radio.

…He said one third of the Browse gas was owned by WA, while two thirds was controlled by the federal government.

He also issued a warning to industry commentators backing a floating option.

“It’s not your gas, that’s the deal.”

And it’s looking increasingly likely it’s going to stay under the sea.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.