Gas export controls are no substitute for genuine reform

Recent articles

Tweets

18 July 19, 4:02pm The @IEA highlights the vital contribution #natgas is playing to reduce global emissions, particularly in #Asian na… https://t.co/WQIIxym3Lf
array(27) { ["created_at"]=> string(30) "Thu Jul 18 06:02:13 +0000 2019" ["id"]=> int(1151733895265570817) ["id_str"]=> string(19) "1151733895265570817" ["text"]=> string(387) "The @IEA highlights the vital contribution #natgas is playing to reduce global emissions, particularly in #Asian na… https://t.co/WQIIxym3Lf" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(43) [1]=> int(50) } } [1]=> array(2) { ["text"]=> string(5) "Asian" ["indices"]=> array(2) { [0]=> int(106) [1]=> int(112) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(3) "IEA" ["name"]=> string(3) "IEA" ["id"]=> int(84679163) ["id_str"]=> string(8) "84679163" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(8) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/WQIIxym3Lf" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1151733895265570817" ["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(1151427578986717184) ["quoted_status_id_str"]=> string(19) "1151427578986717184" ["quoted_status"]=> array(24) { ["created_at"]=> string(30) "Wed Jul 17 09:45:01 +0000 2019" ["id"]=> int(1151427578986717184) ["id_str"]=> string(19) "1151427578986717184" ["text"]=> string(142) "Switching between unabated consumption of fossil fuels does not provide a long-term answer to climate change. But t… https://t.co/l5ikOPBIp1" ["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/l5ikOPBIp1" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1151427578986717184" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(54) "Buffer" ["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(84679163) ["id_str"]=> string(8) "84679163" } ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(8) ["favorite_count"]=> int(22) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" } ["retweet_count"]=> int(1) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
15 July 19, 2:37pm The #oilandgas sector says the #WA Government’s implementation plan for the independent hydraulic fracturing inquir… https://t.co/4QTwMVKalH
array(24) { ["created_at"]=> string(30) "Mon Jul 15 04:37:34 +0000 2019" ["id"]=> int(1150625430463897603) ["id_str"]=> string(19) "1150625430463897603" ["text"]=> string(335) "The #oilandgas sector says the #WA Government’s implementation plan for the independent hydraulic fracturing inquir… https://t.co/4QTwMVKalH" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(14) } } [1]=> array(2) { ["text"]=> string(2) "WA" ["indices"]=> array(2) { [0]=> int(31) [1]=> int(34) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/4QTwMVKalH" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1150625430463897603" ["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(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 July 19, 2:02pm Australia’s #oilandgas industry welcomes another new domestic #natgas supply agreement to support manufacturing.… https://t.co/vzqk4rcMqS
array(24) { ["created_at"]=> string(30) "Thu Jul 11 04:02:47 +0000 2019" ["id"]=> int(1149167126025924609) ["id_str"]=> string(19) "1149167126025924609" ["text"]=> string(336) "Australia’s #oilandgas industry welcomes another new domestic #natgas supply agreement to support manufacturing.… https://t.co/vzqk4rcMqS" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } [1]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(62) [1]=> int(69) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/vzqk4rcMqS" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1149167126025924609" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(114) [1]=> int(137) } } } } ["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(9) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 July 19, 9:43am Watch @APPEALtd chief executive Andrew McConville discuss #natgas policy on @abcnews The Business program with… https://t.co/HEICWC0Qpt
array(24) { ["created_at"]=> string(30) "Wed Jul 10 23:43:59 +0000 2019" ["id"]=> int(1149101994470076416) ["id_str"]=> string(19) "1149101994470076416" ["text"]=> string(377) "Watch @APPEALtd chief executive Andrew McConville discuss #natgas policy on @abcnews The Business program with… https://t.co/HEICWC0Qpt" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(58) [1]=> int(65) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(2) { [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(6) [1]=> int(15) } } [1]=> array(5) { ["screen_name"]=> string(7) "abcnews" ["name"]=> string(8) "ABC News" ["id"]=> int(2768501) ["id_str"]=> string(7) "2768501" ["indices"]=> array(2) { [0]=> int(76) [1]=> int(84) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/HEICWC0Qpt" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1149101994470076416" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(112) [1]=> int(135) } } } } ["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(3) ["favorite_count"]=> int(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
Gas export controls announced today by the Commonwealth are a short-term measure that could make the market even tighter unless accompanied by genuine reforms.
 
“Restricting exports is almost unprecedented for Australia,” said APPEA Chief Executive Malcolm Roberts.
 
“At a time when we need billions in new investment to create more gas supply, any intervention that creates sovereign risk is alarming.
 
“There is no doubt the east coast gas market today is tight. For years, APPEA has been warning governments that the political and regulatory barriers to developing new gas supplies must be addressed urgently.
 
“Over the last five years, the industry has tripled east coast gas production, creating an entirely new supply from coal seam gas.
 
“The main obstacle to developing more supply has been the opposition of some State governments.
 
“Queensland and South Australia have shown the political courage and economic common sense to support gas production.
 
“But government failure in New South Wales and Victoria has prevented projects that could have averted the current market conditions. The current moratorium in the Northern Territory is also preventing the development of new gas supplies.
 
“It is bizarre that State governments which ban or frustrate gas projects should also be complaining about tight gas supply and higher prices.
 
“The industry will need to carefully consider the details of the Commonwealth announcement. There is a very short consultation period.
 
“However, governments must address the real problem – a lack of supply created by high regulatory costs and political barriers. With exploration at a 30-year low, the pipeline for future supply is precarious.
 
“The only way to ensure long-term energy security is to remove restrictions and make it possible for explorers to find new gasfields and producers to develop these resources.
 
“The only solution is more gas, not more regulation.
 
“The industry has raised with governments practical reforms that would lower regulatory costs and attract more investment. These reforms are even now more urgent.”