Farmers may profit from gas

Original article by Joanna Mather
The Australian Financial Review – Page: 1-Jun : 25-Jun-14

Australian Industry Minister Ian Macfarlane has argued that the current friction between farmers and the gas sector especially in New South Wales (NSW) and Victoria could be addressed by giving the former a share of the royalties. While this would overturn the long-held legal position that rural landholders do not own the resources below the ground, an access and royalty sharing regime has already been negotiated in Queensland. Santos and AGL Energy have also struck similar deals in NSW, but have upset their rivals with the move. Federal Agriculture Minister Barnaby Joyce backs the push as well. Meanwhile Macfarlane says there will be no domestic gas reservation policy

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIA. DEPT OF AGRICULTURE, AGL ENERGY LIMITED – ASX AGK, SANTOS LIMITED – ASX STO, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, TRANSFIELD SERVICES LIMITED – ASX TSE, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

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