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Evans shows lack of knowledge and concern about South Australian gas fiasco



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THE SENATE

PRESS RELEASE

SENATOR PETER DU RACK, Q C DEPUTY LEADER OF THE OPPOSITION IN THE SENATE SH AD OW MINISTER FOR RESOURCES A N D ENERGY

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EVANS SHOWS. LACK OF KNOWLEDGE AND CONCERN ABOUT SOUTH AUSTRALIAN GAS FIASCO ' ' ; : i "

"Senator Evans has indicated little knowledge and concern of the major problems that have arisen as a result of the irresponsible action by the SA Government in breaking its agreement with the Cooper Basin producers and in forcing on them unrealistic prices and supply requirements."

"Forcing the Cooper Basin producers to accept a lower price for the gas will adversely affect their cash flow and ability to service international borrowings."

"Impossible supply requirements will place the producers in continual breach of the legislation and thus involve unacceptable and punitive fines of $1 million per producer.and successive fines of $100,000 per day."

"These will have an adverse impact on the $A, interest rates and the international investment reputation of Australia."

"Senator Evans has turned a blind eye to Commonwealth

responsibility over these issues to co-operate with his Labor colleagues in South Australia for pure political purposes."

"While. Senator Evans was quick to restrain and shore-up the Labor Government in Western Australia in negotiations over the North West Shelf, he has refused to recognise the similarities with the Cooper Basin project - even denying it is not an export project."

"This clearly demonstrates his lack of knowledge of the

operations of the Cooper Basin project."

"Senator Evans cannot disassociate himself from these problems any longer and must indicate positive action which the Federal Government will take to rectify the South Australian fiasco."

CANBERRA ■ ■ ■ . '

6 NOVEMBER 1985 CONTACT: ROB HADLER (062) 72 7088/72 7145.