Homeโ€บActsโ€บNatural Gas (Canning Basin Joint Venture) Agreement (Termination) Act 2018

๐Ÿ“˜ Natural Gas (Canning Basin Joint Venture) Agreement (Termination) Act 2018

012 of 2018Assented 21 August 2018

This Act ratifies an agreement to terminate the Natural Gas (Canning Basin Joint Venture) Agreement 2012 between the State of Western Australia, Buru Energy, Diamond Resources, and Mitsubishi Corporation. It effectively ends the joint venture agreement.

Impact

The Act affects the parties involved in the original joint venture agreement, releasing them from their obligations. It also impacts the future development of natural gas resources in the Canning Basin.

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