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

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22 September 20, 2:40pm .@APPEALtd members, including @SenexEnergy and Comet Ridge, are continuing to provide Australian #natgas to the Aus… https://t.co/pyGIotgwjv
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by APPEALtd
22 September 20, 8:22am Australia’s #natgas industry is a high-technology industry – looking forward to @AngusTaylorMP speaking at… https://t.co/U9iENCJsRd
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by APPEALtd
18 September 20, 9:36am In relation to broadening the remit of energy investment agencies on low emissions technology, APPEA chief… https://t.co/aBQoMTYtD1
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by APPEALtd
18 September 20, 9:31am APPEA chief executive @sententia_gas told @SkyNewsAust's Peter Gleeson the government’s investment in low… https://t.co/YlS4NPq046
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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