Indigenous Australians Ask S. Korea Court to Block Loans to $3.6B Offshore Gas Project

Sonali Paul
Thursday, March 24, 2022

A group of Indigenous Australians has gone to court in South Korea seeking to block the country's export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.

People from the Tiwi Islands and Larrakia Traditional Owners are seeking an injunction from the Seoul Central District Court to block the Export-Import Bank of Korea (KEXIM) and the Korea Trade Insurance Corp (K-Sure) from providing loans.

They say they were not properly consulted on the project and a planned pipeline will threaten turtles, dugongs, and other sea life which the islanders depend on.

"By taking the South Korean Government to court to stop this gas project, we are protecting our family and our land," Tiwi Traditional Owner Daniel Munkara, one of the plaintiffs in the case, said in a statement.

If the loans and loan guarantees potentially worth around $700 million are blocked, that could delay the project, the groups said.

K-Sure declined to comment on whether it was planning to provide finance for the Barossa project but said it "supports projects only in line with international environmental standards".

KEXIM had no immediate comment.

The Barossa project, due to start producing gas in 2025, calls for the construction of a roughly 260 kilometer (162-mile) pipeline that will connect offshore gas facilities to an existing pipeline that runs to Darwin.

The project is led by Australia's Santos Ltd and partners include South Korean energy company SK E&S.

Santos declined to comment on the legal action but said the Barossa project has all the necessary approvals in place.

"As is the case for all of our projects, we undertake consultation with all key stakeholders where they receive detailed information about the project," a Santos spokesperson said.

(Reuters - Reporting by Sonali Paul in Melbourne; Additional reporting by Joyce Lee in Seoul; Editing by Edwina Gibbs)


Categories: Finance Energy Industry News Production Floating Production Australia/NZ

Related Stories

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Indonesia Targets Higher Oil and Gas Output in 2027

Planned Strike at Inpex’s Ichthys LNG Facility Called Off as Talks Continue

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Indonesia Signs Eight Oil and Gas Contracts

Current News

Offshore Vessel Pair Ordered from Grandweld Shipyard

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Israel Steps Up Mediterranean Gas Search

ADNOC Launches Global LNG Trading Powerhouse

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

TotalEnergies Sells Malaysia Offshore Gas Field Stake to Inpex

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com