LNG lobby has well-oiled spruiking machine

By Michael West
Updated March 2 2015 - 6:08am, first published 12:15am
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop

Farmers and environmentalists will be happy. Hong Kong power juggernaut CLP has just written off its stake in the Narrabri coal seam gas project to zero. Gas prices are falling, in line with the plunging oil price, putting high-cost projects put on ice.

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