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MENAFN - - 10/11/2012 8:05:59 PM

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Costs put projects at risk: Exxon

Oct 11, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --ExxonMobil has warned that high costs are threatening investment in LNG projects in Australia. Chairman of Exxon's Australian operation John Dashwood said that it is expensive to do business in Australia, because of government policy and labour laws. He was also critical of the Victorian Government's moratorium on hydraulic fracturing, which has affected Exxon's exploration in Gippsland.

Publication Date: 12 October 2012

EXXONMOBIL AUSTRALIA PTY LTD
BHP BILLITON LIMITED - ASX BHP
CHEVRON CORPORATION
SHELL AUSTRALIA LIMITED
CALTEX AUSTRALIA LIMITED - ASX CTX


 






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