When all the hype and the fury is stripped away, the
decision to extend the life of the gigantic North West Shelf gas plant boils
down to one thing.
"It's really all about Browse," says RISC Advisory
boss Martin Wilkes in relation to the huge gas field off the Kimberley coast of
Western Australia.
Browse is one of the country's biggest untapped resources
projects, with gas reserves large enough to meet the equivalent of Australia's
entire domestic demand for almost 20 years.
To the Western Australian government and the state's
industry, it represents energy security, jobs and billions of dollars of
investment.
And for some of the world's biggest oil and gas companies —
not to mention Australia's flag-bearer, Woodside — Browse presents as the last
great hurrah for the country's gas export industry.
Browse is likely to be the mother-of-all environmental fights — a pivotal clash between those seeking an end to new fossil fuel mega-project and those in the opposite corner.
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