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

Recent articles


Tweets

20 August 19, 11:04am Visiting the picturesque Arcadia Valley in the Central Highlands region of #Queensland as part of an #oilandgas tou… https://t.co/9cTblkv5re
array(24) { ["created_at"]=> string(30) "Tue Aug 20 01:04:58 +0000 2019" ["id"]=> int(1163617891364642816) ["id_str"]=> string(19) "1163617891364642816" ["text"]=> string(341) "Visiting the picturesque Arcadia Valley in the Central Highlands region of #Queensland as part of an #oilandgas tou… https://t.co/9cTblkv5re" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(10) "Queensland" ["indices"]=> array(2) { [0]=> int(75) [1]=> int(86) } } [1]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(101) [1]=> int(111) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/9cTblkv5re" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1163617891364642816" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(82) "Twitter for iPhone" ["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(0) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 August 19, 4:49pm CEO @sententia_gas interviewed by @MikeySlezak from @abc730 about Australia's #natgas sector working with governmen… https://t.co/nB9e0RbBxR
array(24) { ["created_at"]=> string(30) "Wed Aug 14 06:49:47 +0000 2019" ["id"]=> int(1161530337710788613) ["id_str"]=> string(19) "1161530337710788613" ["text"]=> string(448) "CEO @sententia_gas interviewed by @MikeySlezak from @abc730 about Australia's #natgas sector working with governmen… https://t.co/nB9e0RbBxR" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(78) [1]=> int(85) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(3) { [0]=> array(5) { ["screen_name"]=> string(13) "sententia_gas" ["name"]=> string(17) "Andrew McConville" ["id"]=> int(82637774) ["id_str"]=> string(8) "82637774" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(18) } } [1]=> array(5) { ["screen_name"]=> string(11) "MikeySlezak" ["name"]=> string(14) "Michael Slezak" ["id"]=> int(15578518) ["id_str"]=> string(8) "15578518" ["indices"]=> array(2) { [0]=> int(34) [1]=> int(46) } } [2]=> array(5) { ["screen_name"]=> string(6) "abc730" ["name"]=> string(6) "abc730" ["id"]=> int(132731802) ["id_str"]=> string(9) "132731802" ["indices"]=> array(2) { [0]=> int(52) [1]=> int(59) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/nB9e0RbBxR" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1161530337710788613" ["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(2) ["favorite_count"]=> int(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 August 19, 12:21pm Australia's innovative #oilandgas industry supports #scienceweek, which encourages young people to engage with scie… https://t.co/8HVca5503l
array(27) { ["created_at"]=> string(30) "Wed Aug 14 02:21:47 +0000 2019" ["id"]=> int(1161462892140515329) ["id_str"]=> string(19) "1161462892140515329" ["text"]=> string(345) "Australia's innovative #oilandgas industry supports #scienceweek, which encourages young people to engage with scie… https://t.co/8HVca5503l" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(23) [1]=> int(33) } } [1]=> array(2) { ["text"]=> string(11) "scienceweek" ["indices"]=> array(2) { [0]=> int(52) [1]=> int(64) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/8HVca5503l" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1161462892140515329" ["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(true) ["quoted_status_id"]=> int(1159642214928125959) ["quoted_status_id_str"]=> string(19) "1159642214928125959" ["quoted_status"]=> array(24) { ["created_at"]=> string(30) "Fri Aug 09 01:47:03 +0000 2019" ["id"]=> int(1159642214928125959) ["id_str"]=> string(19) "1159642214928125959" ["text"]=> string(142) "National Science Week starts tomorrow! Help us celebrate science at some of over 1950 events around Australia. Jump… https://t.co/Gn4kyXaRp8" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/Gn4kyXaRp8" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1159642214928125959" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(67) "Sprout Social" ["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"]=> array(2) { ["id"]=> int(3091646856) ["id_str"]=> string(10) "3091646856" } ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(23) ["favorite_count"]=> int(35) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" } ["retweet_count"]=> int(0) ["favorite_count"]=> int(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
13 August 19, 5:04pm Attempts by @AusChemistry to compare different industries and portray them as being in competition does little to c… https://t.co/Zdy3cGDaod
array(24) { ["created_at"]=> string(30) "Tue Aug 13 07:04:49 +0000 2019" ["id"]=> int(1161171732410978304) ["id_str"]=> string(19) "1161171732410978304" ["text"]=> string(259) "Attempts by @AusChemistry to compare different industries and portray them as being in competition does little to c… https://t.co/Zdy3cGDaod" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(12) "AusChemistry" ["name"]=> string(19) "Chemistry Australia" ["id"]=> int(166373052) ["id_str"]=> string(9) "166373052" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(25) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/Zdy3cGDaod" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1161171732410978304" ["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(2) ["favorite_count"]=> int(7) ["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