ACCC report confirms urgent need to remove regulatory restrictions on gas supply

Recent articles

Tweets

15 July 19, 2:37pm The #oilandgas sector says the #WA Government’s implementation plan for the independent hydraulic fracturing inquir… https://t.co/4QTwMVKalH
array(24) { ["created_at"]=> string(30) "Mon Jul 15 04:37:34 +0000 2019" ["id"]=> int(1150625430463897603) ["id_str"]=> string(19) "1150625430463897603" ["text"]=> string(335) "The #oilandgas sector says the #WA Government’s implementation plan for the independent hydraulic fracturing inquir… https://t.co/4QTwMVKalH" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(14) } } [1]=> array(2) { ["text"]=> string(2) "WA" ["indices"]=> array(2) { [0]=> int(31) [1]=> int(34) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/4QTwMVKalH" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1150625430463897603" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 July 19, 2:02pm Australia’s #oilandgas industry welcomes another new domestic #natgas supply agreement to support manufacturing.… https://t.co/vzqk4rcMqS
array(24) { ["created_at"]=> string(30) "Thu Jul 11 04:02:47 +0000 2019" ["id"]=> int(1149167126025924609) ["id_str"]=> string(19) "1149167126025924609" ["text"]=> string(336) "Australia’s #oilandgas industry welcomes another new domestic #natgas supply agreement to support manufacturing.… https://t.co/vzqk4rcMqS" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } [1]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(62) [1]=> int(69) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/vzqk4rcMqS" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1149167126025924609" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(114) [1]=> int(137) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(9) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 July 19, 9:43am Watch @APPEALtd chief executive Andrew McConville discuss #natgas policy on @abcnews The Business program with… https://t.co/HEICWC0Qpt
array(24) { ["created_at"]=> string(30) "Wed Jul 10 23:43:59 +0000 2019" ["id"]=> int(1149101994470076416) ["id_str"]=> string(19) "1149101994470076416" ["text"]=> string(377) "Watch @APPEALtd chief executive Andrew McConville discuss #natgas policy on @abcnews The Business program with… https://t.co/HEICWC0Qpt" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(58) [1]=> int(65) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(2) { [0]=> array(5) { ["screen_name"]=> string(8) "APPEALtd" ["name"]=> string(5) "APPEA" ["id"]=> int(632462417) ["id_str"]=> string(9) "632462417" ["indices"]=> array(2) { [0]=> int(6) [1]=> int(15) } } [1]=> array(5) { ["screen_name"]=> string(7) "abcnews" ["name"]=> string(8) "ABC News" ["id"]=> int(2768501) ["id_str"]=> string(7) "2768501" ["indices"]=> array(2) { [0]=> int(76) [1]=> int(84) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/HEICWC0Qpt" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1149101994470076416" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(112) [1]=> int(135) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(3) ["favorite_count"]=> int(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
9 July 19, 7:25pm An @IEEFA_AsiaPac report by @barobertson111 is deliberately misleading to claim Australian #natgas prices are subst… https://t.co/QJXImVctyk
array(24) { ["created_at"]=> string(30) "Tue Jul 09 09:25:49 +0000 2019" ["id"]=> int(1148523643237875713) ["id_str"]=> string(19) "1148523643237875713" ["text"]=> string(394) "An @IEEFA_AsiaPac report by @barobertson111 is deliberately misleading to claim Australian #natgas prices are subst… https://t.co/QJXImVctyk" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(91) [1]=> int(98) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(2) { [0]=> array(5) { ["screen_name"]=> string(13) "IEEFA_AsiaPac" ["name"]=> string(17) "IEEFA_AsiaPacific" ["id"]=> int(1103082137991864320) ["id_str"]=> string(19) "1103082137991864320" ["indices"]=> array(2) { [0]=> int(3) [1]=> int(17) } } [1]=> array(5) { ["screen_name"]=> string(14) "barobertson111" ["name"]=> string(19) "💧Bruce Robertson" ["id"]=> int(2358882852) ["id_str"]=> string(10) "2358882852" ["indices"]=> array(2) { [0]=> int(28) [1]=> int(43) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/QJXImVctyk" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1148523643237875713" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(3) ["favorite_count"]=> int(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

The Australian Competition and Consumer Commission (ACCC) East Coast Gas Inquiry Report, released today, confirms the urgent need for policy and regulatory changes to enhance gas supply.

The ACCC has called for the lifting of gas moratoria and has warned against the introduction of domestic gas reservation in its long-awaited  report of the Inquiry into the East Coast Gas Market, released on Friday 22 April.

The report found that onshore regulatory restrictions and hydraulic fracturing bans in NSW, Victoria and Tasmania – as well as a proposed fracking ban in the Northern Territory – had increased uncertainty and contributed to reducing investment in gas operations.

“While the inquiry acknowledges that there are understandable reasons for policy positions like moratoria, blanket moratoria and regulatory uncertainty act to curtail gas exploration and new production,” ACCC Chairman Rod Sims said.

The ACCC also said gas reservation policies should not be introduced, “given their likely detrimental effect already on uncertain supply.”

The report’s first two recommendations are:

ACCC east coast gas recommendations