From the overnight press in Australia, comments from German chemical and energy company BASF Australia and New Zealand managing director Ross Pilling:

  • Australia risks missing out on sharing in a $15 billion expansion program being rolled out by global chemical giant BASF unless it can provide certainty around gas pricing
  • “If we had access to gas at the right price here in Australia that would be the first step in the potential for an investment. There is plenty of potential to go from gas through chemistry to downstream uses and to create an industry that actually exports this stuff. We are not doing this in Australia — we are actively doing it elsewhere.”

More detail at the link