Gas export controls are no substitute for genuine reform

Recent articles

Tweets

24 May 19, 9:44am .@APPEA has appointed two new Directors to lead important #oilandgas States. The #Qld Director is Georgy Mayo and… https://t.co/nhg0xcU5Q6
array(24) { ["created_at"]=> string(30) "Thu May 23 23:44:21 +0000 2019" ["id"]=> int(1131707471385337856) ["id_str"]=> string(19) "1131707471385337856" ["text"]=> string(389) ".@APPEA has appointed two new Directors to lead important #oilandgas States. The #Qld Director is Georgy Mayo and… https://t.co/nhg0xcU5Q6" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(59) [1]=> int(69) } } [1]=> array(2) { ["text"]=> string(3) "Qld" ["indices"]=> array(2) { [0]=> int(82) [1]=> int(86) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(5) "Appea" ["name"]=> string(9) "Nana Akua" ["id"]=> int(20275880) ["id_str"]=> string(8) "20275880" ["indices"]=> array(2) { [0]=> int(1) [1]=> int(7) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/nhg0xcU5Q6" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1131707471385337856" ["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(0) ["favorite_count"]=> int(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:52pm Australia's #oilandgas sector works in close collaboration with @NOPSEMA and other industry stakeholders to highlig… https://t.co/bPN23nzZQA
array(24) { ["created_at"]=> string(30) "Tue May 21 06:52:07 +0000 2019" ["id"]=> int(1130727956936921088) ["id_str"]=> string(19) "1130727956936921088" ["text"]=> string(326) "Australia's #oilandgas sector works in close collaboration with @NOPSEMA and other industry stakeholders to highlig… https://t.co/bPN23nzZQA" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(7) "nopsema" ["name"]=> string(7) "NOPSEMA" ["id"]=> int(772983510940258304) ["id_str"]=> string(18) "772983510940258304" ["indices"]=> array(2) { [0]=> int(64) [1]=> int(72) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/bPN23nzZQA" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130727956936921088" ["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(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:33pm It’s encouraging that we continue to see unprecedented #collaboration and strong engagement across all parts of the… https://t.co/DGRhH8QfA1
array(24) { ["created_at"]=> string(30) "Tue May 21 06:33:11 +0000 2019" ["id"]=> int(1130723192882909186) ["id_str"]=> string(19) "1130723192882909186" ["text"]=> string(274) "It’s encouraging that we continue to see unprecedented #collaboration and strong engagement across all parts of the… https://t.co/DGRhH8QfA1" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(13) "collaboration" ["indices"]=> array(2) { [0]=> int(55) [1]=> int(69) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/DGRhH8QfA1" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130723192882909186" ["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(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:24pm Australia's #oilandgas sector is fully committed to the importance of safety, risk mitigation and the paramount obj… https://t.co/64kAHTWffE
array(24) { ["created_at"]=> string(30) "Tue May 21 06:24:55 +0000 2019" ["id"]=> int(1130721110725500928) ["id_str"]=> string(19) "1130721110725500928" ["text"]=> string(268) "Australia's #oilandgas sector is fully committed to the importance of safety, risk mitigation and the paramount obj… https://t.co/64kAHTWffE" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/64kAHTWffE" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130721110725500928" ["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(4) ["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.”