According to The Australian Financial Review, Japan is understood to have formally requested that the Albanese government exclude Santos’ $5.8 billion Barossa gas project in the Timor Sea from Labor’s new emissions policy, fuelled by concerns about the risks it poses to supplies of gas critical to national security.
The request is reportedly part of an urgent query the Japanese government has lodged with Canberra over the beefed-up safeguard mechanism policy, which the government fears will exert “significant influence” over Japan’s involvement in Australian LNG. https://www.afr.com/companies/energy/japan-wants-santos-barossa-gas-project-excluded-from-emissions-policy-20230630-p5dkqj
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