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

Recent articles


Tweets

15 January 19, 2:26pm #Seismic surveys have been used by the #oilandgas sector for decades in #Australian waters with no evidence of harm… https://t.co/HHygzHrCpH
array(24) { ["created_at"]=> string(30) "Tue Jan 15 04:26:08 +0000 2019" ["id"]=> int(1085030349170601985) ["id_str"]=> string(19) "1085030349170601985" ["text"]=> string(411) "#Seismic surveys have been used by the #oilandgas sector for decades in #Australian waters with no evidence of harm… https://t.co/HHygzHrCpH" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(3) { [0]=> array(2) { ["text"]=> string(7) "Seismic" ["indices"]=> array(2) { [0]=> int(0) [1]=> int(8) } } [1]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(39) [1]=> int(49) } } [2]=> array(2) { ["text"]=> string(10) "Australian" ["indices"]=> array(2) { [0]=> int(72) [1]=> int(83) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/HHygzHrCpH" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1085030349170601985" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(0) ["favorite_count"]=> int(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
27 December 18, 1:02pm An efficient global carbon market is essential, says Australia's oil and gas industry https://t.co/GCbLVZLqWk #LNG
array(24) { ["created_at"]=> string(30) "Thu Dec 27 03:02:17 +0000 2018" ["id"]=> int(1078123875110596608) ["id_str"]=> string(19) "1078123875110596608" ["text"]=> string(234) "An efficient global carbon market is essential, says Australia's oil and gas industry https://t.co/GCbLVZLqWk #LNG" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(3) "LNG" ["indices"]=> array(2) { [0]=> int(110) [1]=> int(114) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/GCbLVZLqWk" ["expanded_url"]=> string(22) "https://bit.ly/2GItxgb" ["display_url"]=> string(14) "bit.ly/2GItxgb" ["indices"]=> array(2) { [0]=> int(86) [1]=> int(109) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(5) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 December 18, 1:22pm #LNG exports are vital to Australia’s economic growth and play an important role in reducing CO2 #emissions globall… https://t.co/7F7v1GtLM9
array(24) { ["created_at"]=> string(30) "Fri Dec 21 03:22:00 +0000 2018" ["id"]=> int(1075954509560438784) ["id_str"]=> string(19) "1075954509560438784" ["text"]=> string(336) "#LNG exports are vital to Australia’s economic growth and play an important role in reducing CO2 #emissions globall… https://t.co/7F7v1GtLM9" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(3) "LNG" ["indices"]=> array(2) { [0]=> int(0) [1]=> int(4) } } [1]=> array(2) { ["text"]=> string(9) "emissions" ["indices"]=> array(2) { [0]=> int(97) [1]=> int(107) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/7F7v1GtLM9" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1075954509560438784" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
20 December 18, 9:22am Enter now: 2018 Environment and Safety Excellence Awards highlight #safety and #environmental excellence and reward… https://t.co/8dUPHbA3OI
array(24) { ["created_at"]=> string(30) "Wed Dec 19 23:22:21 +0000 2018" ["id"]=> int(1075531812682620928) ["id_str"]=> string(19) "1075531812682620928" ["text"]=> string(341) "Enter now: 2018 Environment and Safety Excellence Awards highlight #safety and #environmental excellence and reward… https://t.co/8dUPHbA3OI" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(6) "safety" ["indices"]=> array(2) { [0]=> int(67) [1]=> int(74) } } [1]=> array(2) { ["text"]=> string(13) "environmental" ["indices"]=> array(2) { [0]=> int(79) [1]=> int(93) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/8dUPHbA3OI" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1075531812682620928" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(1) ["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