WA gas boom 'will not boost national wealth for decades'

SYDNEY MORNING HERALD
Heath Aston
12 April 2016

The once-in-a-lifetime liquefied natural gas boom off the coast of Western Australia will not deliver any significant royalties to the federal government for at least two decades, according to an analysis prepared for the state's government.

One of the companies involved in the boom, Chevron, will in effect be able to pump and sell about 300 million tonnes of Australian LNG before paying any royalties.

The bleak assessment of the $90 billion offshore LNG industry's contribution to the national wealth can be revealed as Prime Minister Malcolm Turnbull and Resources Minister Josh Frydenberg tour Western Australia trumpeting the coming "golden age of gas".

> Read more: http://www.smh.com.au/federal-politics/political-news/wa-gas-boom-will-not-boost-national-wealth-for-decades-20160412-go4kay.html#ixzz4CAZnHTfY