Mining Weekly reported that Shell has advised that the Australian government needs to modify their policy environment if they are to remain competitive in the global liquefied natural gas (LNG) market.

As quoted in the market report:

Our global competitiveness is being threatened by lagging productivity and heavy regulations here in Australia. Australian LNG is the highest cost globally, with new entrants into the LNG export market, such as the US and Canada, delivering LNG into Tokyo Bay at 20% cheaper than we can from Australia,” Pickard said

To view the whole Mining Weekly report, click here.