
TY  - JOUR
A1  - Sarich, M.D. 
T1  - THE COMPETITIVENESS OF THE AUSTRALIAN FISCAL REGIMES FOR OIL, GAS AND LNG COMPARED TO PRODUCTION SHARING CONTRACTS IN SOUTHEAST ASIA
JF  - The APPEA Journal
JO  - The APPEA Journal
Y1  - 2000
VL  - 40
IS  - 1
SP  - 765
EP  - 772
KW  - 
UR  - https://doi.org/10.1071/AJ99055 
N2  - With uncertain energy markets in Asia, each energy exporting country needs to be aware of the competitiveness of its fiscal regime. Oil and gas companies are quick to find fault with fiscal regimes, while governments can be slow to react to industry demands.Companies are using increasingly sophisticated methods of project selection. Therefore, if governments wish to encourage exploration and development while ensuring a fair return to the nation, they must constantly analyse fiscal terms and their impact on cash flows for the most common forms of oil and gas projects in the country.This paper takes an objective look at the competitiveness of Australia&apos;s Petroleum Resource Rent Tax and royalty/excise fiscal regimes for oil, gas and LNG projects against fiscal regimes in Indonesia, Malaysia and Papua New Guinea. Worked examples have been calculated for each regime to compare Australia&apos;s system relative to the other major producing countries in the region.Australia&apos;s onshore and offshore regimes are shown to be very competitive with respect to net present value. In addition, Petroleum Resource Rent Tax is one of the more progressive regimes in the region. However, Production Sharing Contracts in Indonesia and Malaysia are seen to be potentially more flexible when considering the varying nature of oil and gas projects, and they can provide a greater degree of certainty as the negotiated terms remain fixed for the life of contracts. 
ER  -

