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

Recent articles

Tweets

3 December 20, 12:27pm The latest @australian Future Australia roundtable saw APPEA CEO Andrew McConville join other industry experts to d… https://t.co/0fTApX4r2Y
array(24) { ["created_at"]=> string(30) "Thu Dec 03 02:27:25 +0000 2020" ["id"]=> int(1334323323698704384) ["id_str"]=> string(19) "1334323323698704384" ["text"]=> string(257) "The latest @australian Future Australia roundtable saw APPEA CEO Andrew McConville join other industry experts to d… https://t.co/0fTApX4r2Y" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(10) "australian" ["name"]=> string(14) "The Australian" ["id"]=> int(9609632) ["id_str"]=> string(7) "9609632" ["indices"]=> array(2) { [0]=> int(11) [1]=> int(22) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/0fTApX4r2Y" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1334323323698704384" ["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(8) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
2 December 20, 6:55am #Oilandgas producers in Australia embracing #netzero #emissions targets is an important step forward. It’s another… https://t.co/643zXazwQP
array(23) { ["created_at"]=> string(30) "Tue Dec 01 20:55:31 +0000 2020" ["id"]=> int(1333877408802377728) ["id_str"]=> string(19) "1333877408802377728" ["text"]=> string(411) "#Oilandgas producers in Australia embracing #netzero #emissions targets is an important step forward. It’s another… https://t.co/643zXazwQP" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(3) { [0]=> array(2) { ["text"]=> string(9) "Oilandgas" ["indices"]=> array(2) { [0]=> int(0) [1]=> int(10) } } [1]=> array(2) { ["text"]=> string(7) "netzero" ["indices"]=> array(2) { [0]=> int(44) [1]=> int(52) } } [2]=> array(2) { ["text"]=> string(9) "emissions" ["indices"]=> array(2) { [0]=> int(53) [1]=> int(63) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/643zXazwQP" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1333877408802377728" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(116) [1]=> int(139) } } } } ["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(7) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
25 November 20, 7:22am Winners announced of @APPEALtd's Environment and Safety Excellence Awards showcasing #safety performance and enviro… https://t.co/FGtcfurvyG
array(24) { ["created_at"]=> string(30) "Tue Nov 24 21:22:52 +0000 2020" ["id"]=> int(1331347577401315328) ["id_str"]=> string(19) "1331347577401315328" ["text"]=> string(326) "Winners announced of @APPEALtd's Environment and Safety Excellence Awards showcasing #safety performance and enviro… https://t.co/FGtcfurvyG" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "safety" ["indices"]=> array(2) { [0]=> int(85) [1]=> int(92) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [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(21) [1]=> int(30) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/FGtcfurvyG" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1331347577401315328" ["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(0) ["favorite_count"]=> int(7) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
24 November 20, 4:22pm The #oilandgas sector welcomes the Australian Government’s environmental approval today for the @SantosLtd Gas Proj… https://t.co/pArtaQxBjP
array(24) { ["created_at"]=> string(30) "Tue Nov 24 06:22:38 +0000 2020" ["id"]=> int(1331121026869075968) ["id_str"]=> string(19) "1331121026869075968" ["text"]=> string(330) "The #oilandgas sector welcomes the Australian Government’s environmental approval today for the @SantosLtd Gas Proj… https://t.co/pArtaQxBjP" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(14) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(9) "SantosLtd" ["name"]=> string(6) "Santos" ["id"]=> int(22737235) ["id_str"]=> string(8) "22737235" ["indices"]=> array(2) { [0]=> int(96) [1]=> int(106) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/pArtaQxBjP" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1331121026869075968" ["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(4) ["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