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Australia minister says wants to help coal seam gas

Sun, 05/16/2010 - 5:26pm
Reuters

BRISBANE (Reuters) - Australia's federal government is committed to helping the nation's fledgling coal seam gas and floating liquefied natural gas (LNG) industry get off the ground as the sector weighs the implications of a new mining tax, Resources and Energy Minister Martin Ferguson said on Monday.

Ferguson also said the government was open to negotiation over the finer details of the tax with the resources sector, which has attacked the levy as unfair.

"We are committed to putting in place a stable fiscal regime, competitively neutral with the rest of the industry, that will get coal seam methane and floating LNG off the ground," Ferguson said at the annual Australian Petroleum Production and Exploration (APPEA) conference in Brisbane.

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