North West Shelf Project

Use it to reduce everybody's taxes, not give the government equity so that they can control all these companies.

[sighs] The original Northwest Shelf plant, the, the plant that did LNG, needed six years of federal and state review to be allowed to keep running past twenty-thirty, past twenty-thirty.

One onshore project, thirteen years.

One offshore project lost two years to litigation over a pipeline.

We just didn't get any shares in return.

According to the West Australian Treasury, those well-known anti-gas pinko lefties at the West Australian Treasury, West Australia taxpayers have put $8 billion into the Northwest Shelf Project alone.

$8 billion is the West Australian government's estimate of how much it put into underwriting and propping up the Northwest Shelf Project.

Do you know how many shares they got in return for putting not just $8 billion in, $8 billion in at the beginning, taking the risk out of the project? You know how many shares they got? None.

So, yep.

And on that basis, I wouldn't agree with the analysis that it's practical or reasonable.

Uh, it's unlikely that a large project such as a Gorgon Wheatstone or North West Shelf would ever have been commercially viable on domestic gas sales.

The market is not big enough.

In a statement, a spokesman for Woodside said Browse was the most credible way of meeting WA's needs for gas beyond 2030.

And finally, in seventy-two, North Rankin find lifts Shelf prospects.

Of course, those two assets were the beginnings of the Northwest Shelf Project that we all know about.

Took some seventeen years to produce the first cargo from those discoveries.

The first LNG cargoes went to Japan in nineteen eighty-nine.

Yeah, that's a really good question, and it's one certainly where the Australians should have been pushing because it's not just the missing company tax.

It's, you know, for other gas companies, especially those operating off the northwest shelf in Western Australia and off of Northern Territory, because they're offshore, they don't even pay any royalties for their gas in the way that perhaps iron ore or coal pays.

If it's offshore, it's not subject to any royalties.

And then you've got all the massive gas that is coming out of Queensland and going out of the Gladstone Port.

They killed that off.

But BHP and Rio Tinto were the two biggest companies uh company tax paying uh companies this year or in 24 25 the latest figures and they generally are year in year out the gas industry has done very well and suggested oh we're with them while not paying anywhere near the amount of tax if they're offshore not paying any royalties and they've been very successful at suggesting oh if you hurt us you'll hurt the economy and it's like well Take, for example, a great example is Inpex, a wholly Japanese-owned company.

It's operating a project called the Itch These project out of the Northwest Shelf in Darwin.

That is fully owned by Japan, exports all of its gas to Japan.

Henry asking about this.

Look, it's first LNG from the Scarborough project and the Northwest Shelf.

It's come online, providing a essentially de-risking event there, while the Louisiana LNG sell-down, that remains key as well.

And of course, we look at overall what's going on with energy prices, courtesy of what's happening in the Middle East.

So one of the people that have been photographed with the tape over the logo on the jerseys, the Fremantle Labor MP Josh Wilson.

Could be a bit awkward when he gets into the cabinet room with his colleagues and discusses why the government extended the North West Shelf Project.

Now across Australia.

Yeah.

A Moorojuga traditional custodian is taking a human rights complaint to the United Nations Human Rights Council in New York, arguing the Australian government has allowed industrial damage to a World Heritage-listed rock art site.

Woodside's petrochemical plant at Moorojuga on the Barat Peninsula in Western Australia's Pilbara region... has received government approval for the Northwest Shelf Gas Hub extension until 2070.

The energy giant has vowed to vigorously fight federal court challenges against Environmental Minister Murray Watt's decision in 2025 to grant the extension with conditions.

The court challenges are driven by concerns the Northwest Shelf facility will heavily contribute to adverse climate change impacts and and harm the 40,000-year-old rock art near the plant.

Moorojuga traditional custodian Raylene Cooper says she will address the UN Human Rights Council directly and call for the Australian government to be held internationally accountable.

for its failure to protect the site.