ConocoPhillips Strums An Investment Chord For Australia, Subject To Government Collaboration

Australia’s biggest oil and gas conference opened with an optimistic, yet cautionary address by ConocoPhillips CEO Ryan Lance only a week since the country’s surprising federal election outcome.

Darwin LNG gas plant

The Darwin LNG gas plant (Source: ConocoPhillips)

The dust has barely settled from Australia’s federal elections, but there was no shortage of advice for the ruling Liberal Party at the opening of the APPEA Conference on how to woo continued investment.

Hosted in resource-rich Queensland—the swing state that kept incumbent Prime Minister Scott Morrison in power against all poll predictions—the lead address at the opening of the Conference saw Ryan Lance, chairman and CEO of ConocoPhillips, sounding a note of optimism, subject to government cooperation.
Lance said Australia would need to address competitive, cost and regulatory problems to sustain its lead role as an LNG exporter in the face of global competition.

“We believe it’s possible,” Lance said.

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Dale Granger

Dale Granger is a previous editor of Oil and Gas Investor Australia and current editor of the Petroleum Exploration Society of Australia (PESA) News publication.