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Clock ticking on Sunrise gas.



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MEDIA RELEASE Joel Fitzgibbon MP Federal Member for Hunter Shadow Minister for Resources Electorate 45 Vincent Street PO Box 526 Cessnock NSW 2325 Ph: (02) 4991 1022 Fax: (02) 4991 2322 Parliament House RG 52 Canberra ACT 2600 Ph: (02) 6277 4404 Fax: (02) 6277 8479

14 November 2002

CLOCK TICKING ON SUNRISE GAS

Only a few days remain for the Howard Government to exercise its power to rule out the exportation of Sunrise field gas from a floating facility.

The Sunrise venture partners are expected to announce soon, the findings of their review of Greater Sunrise gas options. Prior to the review, the partners maintained that piping gas to Darwin and on to the southeast market was not commercially viable.

Greater Sunrise is the only Timor Sea field with sufficient gas to both enhance competition in the southeast market and fuel the industrial development of northern Australia.

The Howard Government stands condemned for its inaction on the Sunrise gas issue. If the Government is not prepared to become sufficiently active at the eleventh hour to ensure Sunrise gas comes on-shore, it should move to guarantee the retention of the resource until such time that the market for domestic gas is sufficiently large to accommodate the domestic gas option.

The national interest demands it.

Contact: Joel Fitzgibbon 0418 293 372