Energy forecast confirms growing role for gas in low-carbon future

Recent articles


Tweets

16 April 21, 1:43pm As the 2021 APPEA Environment and Safety Excellence Awards take place in June we are looking back on winners and no… https://t.co/mi3JWR9v1T
array(24) { ["created_at"]=> string(30) "Fri Apr 16 03:43:03 +0000 2021" ["id"]=> int(1382902330023051269) ["id_str"]=> string(19) "1382902330023051269" ["text"]=> string(196) "As the 2021 APPEA Environment and Safety Excellence Awards take place in June we are looking back on winners and no… https://t.co/mi3JWR9v1T" ["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/mi3JWR9v1T" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1382902330023051269" ["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(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 April 21, 9:43am In a major boost for the Northern Territory’s economy and environment, regarded environmental scientist Cassandra S… https://t.co/94cM4HhLT3
array(24) { ["created_at"]=> string(30) "Tue Apr 13 23:43:40 +0000 2021" ["id"]=> int(1382117314590511105) ["id_str"]=> string(19) "1382117314590511105" ["text"]=> string(198) "In a major boost for the Northern Territory’s economy and environment, regarded environmental scientist Cassandra S… https://t.co/94cM4HhLT3" ["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/94cM4HhLT3" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1382117314590511105" ["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(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
8 April 21, 1:48pm The Australian Government's release of a suite of measures aimed at enhancing and strengthening Australia’s offshor… https://t.co/Ih8azMhLlb
array(24) { ["created_at"]=> string(30) "Thu Apr 08 03:48:52 +0000 2021" ["id"]=> int(1380004691141009415) ["id_str"]=> string(19) "1380004691141009415" ["text"]=> string(198) "The Australian Government's release of a suite of measures aimed at enhancing and strengthening Australia’s offshor… https://t.co/Ih8azMhLlb" ["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/Ih8azMhLlb" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1380004691141009415" ["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(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
6 April 21, 10:35am APPEA’s submission to the Federal Government’s gas-fired recovery consultation shows how the oil and gas industry c… https://t.co/c8MTb4fRIN
array(24) { ["created_at"]=> string(30) "Tue Apr 06 00:35:08 +0000 2021" ["id"]=> int(1379231160937541632) ["id_str"]=> string(19) "1379231160937541632" ["text"]=> string(200) "APPEA’s submission to the Federal Government’s gas-fired recovery consultation shows how the oil and gas industry c… https://t.co/c8MTb4fRIN" ["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/c8MTb4fRIN" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1379231160937541632" ["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

The latest BP Energy Outlook released overnight highlights the massive opportunity ahead for Australian natural gas exports.

The report predicts natural gas will be the world’s fastest growing traditional fuel with consumption increasing by 1.8 per cent a year to 2035.

APPEA Chief Executive Malcolm Roberts said the report confirmed the key role of natural gas in the global energy mix and its growing importance in the low carbon economy of the future.

He said Australia was capitalising on the world’s growing appetite for cleaner-burning natural gas and was poised to become the world’s leading exporter of liquefied natural gas (LNG) as new projects entered production in the next few years.

“The projects will generate significant economic benefits for Australia through investment, jobs, increased income and additional taxation revenues over the coming decades,” said Dr Roberts.

The BP Energy Outlook: Transition to a lower carbon future finds:

  • Natural gas will be the fastest growing traditional fuel, increasing 1.8% a year.
  • By 2035, natural gas will be the second-largest fuel source, after oil (overtaking coal).
  • Oil will grow steadily at 0.9% a year, although its share of the energy mix will continue to decline.

“The oil and gas industry is vital for Australia,” Dr Roberts said.

“Natural gas is a safe, clean and reliable energy source for industry and millions of households, and is an irreplaceable feedstock for a range of industrial applications in the plastics and chemicals industries.

“Natural gas is also integral to a low-carbon economy and increasing its use can deliver immediate and substantial carbon savings. Australia’s gas industry, domestically and through our LNG exports, contributes substantially to the economic development of the nation and reduces global greenhouse gas emissions.”

The report’s release follows a visit to Australia by the International Energy Agency’s Executive Director, Dr Fatih Birol, who said Australia’s investments in LNG production would deliver long-term benefits, noting “Australia made a very good move to be the champion of LNG around 2020”.