Gas industry to work with Government to ensure supply

Recent articles


Tweets

10 July 20, 2:46pm A new report from @IGU_News states, "Gas technologies can abate up to 30% of global energy sector greenhouse gas em… https://t.co/aAd0AHGUIP
array(24) { ["created_at"]=> string(30) "Fri Jul 10 04:46:53 +0000 2020" ["id"]=> int(1281449791709343747) ["id_str"]=> string(19) "1281449791709343747" ["text"]=> string(255) "A new report from @IGU_News states, "Gas technologies can abate up to 30% of global energy sector greenhouse gas em… https://t.co/aAd0AHGUIP" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(8) "IGU_News" ["name"]=> string(3) "IGU" ["id"]=> int(4838571113) ["id_str"]=> string(10) "4838571113" ["indices"]=> array(2) { [0]=> int(18) [1]=> int(27) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/aAd0AHGUIP" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1281449791709343747" ["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(3) ["favorite_count"]=> int(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
10 July 20, 10:28am Australia's #oilandgas industry has backed the Government's technology road map for #emissions reduction, according… https://t.co/yKgTBlflzF
array(24) { ["created_at"]=> string(30) "Fri Jul 10 00:28:18 +0000 2020" ["id"]=> int(1281384719498702852) ["id_str"]=> string(19) "1281384719498702852" ["text"]=> string(340) "Australia's #oilandgas industry has backed the Government's technology road map for #emissions reduction, according… https://t.co/yKgTBlflzF" ["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(9) "emissions" ["indices"]=> array(2) { [0]=> int(84) [1]=> int(94) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/yKgTBlflzF" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1281384719498702852" ["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(11) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
9 July 20, 2:04pm A new @IGU_News report showing how #natgas technologies can reduce #emissions and support the global #energy transi… https://t.co/Bw9zJEqh43
array(24) { ["created_at"]=> string(30) "Thu Jul 09 04:04:17 +0000 2020" ["id"]=> int(1281076685979308032) ["id_str"]=> string(19) "1281076685979308032" ["text"]=> string(465) "A new @IGU_News report showing how #natgas technologies can reduce #emissions and support the global #energy transi… https://t.co/Bw9zJEqh43" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(3) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(35) [1]=> int(42) } } [1]=> array(2) { ["text"]=> string(9) "emissions" ["indices"]=> array(2) { [0]=> int(67) [1]=> int(77) } } [2]=> array(2) { ["text"]=> string(6) "energy" ["indices"]=> array(2) { [0]=> int(101) [1]=> int(108) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(8) "IGU_News" ["name"]=> string(3) "IGU" ["id"]=> int(4838571113) ["id_str"]=> string(10) "4838571113" ["indices"]=> array(2) { [0]=> int(6) [1]=> int(15) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/Bw9zJEqh43" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1281076685979308032" ["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
9 July 20, 9:58am Attracting investment essential to Australia’s economic recovery. Efficient and certain regulation, streamlined app… https://t.co/Wm3ZnnBzkr
array(24) { ["created_at"]=> string(30) "Wed Jul 08 23:58:24 +0000 2020" ["id"]=> int(1281014804371484672) ["id_str"]=> string(19) "1281014804371484672" ["text"]=> string(198) "Attracting investment essential to Australia’s economic recovery. Efficient and certain regulation, streamlined app… https://t.co/Wm3ZnnBzkr" ["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/Wm3ZnnBzkr" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1281014804371484672" ["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

Australian Parliament House

Australia’s upstream gas industry is committed to working with the Federal Government to ensure sufficient gas is available to meet peak demand in the National Electricity Market.

APPEA Chief Executive Dr Malcolm Roberts said the meeting between the Prime Minister and gas producers in Canberra today had been constructive.

“The Australian Energy Market Operator has highlighted that gas-fired generation must stay in the energy mix to protect energy security,” Dr Roberts said.

“APPEA welcomes the Prime Minister’s initiative to work with the industry to remove the barriers to more gas supply.

“The gas industry will always work to ensure there is sufficient gas to meet Australia’s domestic needs.

“This is despite the fact that some state and territory governments have made this task more difficult than it should be with unnecessary restrictions, moratoriums and blanket bans on new onshore gas projects.

“Australia will secure its long-term energy future only when unnecessary restrictions on natural gas development are removed.”

Summary of Outcomes – East Coast Gas Market Meeting

1) Peak Electricity Demand – Gas Supply Guarantee

  • Gas producers guarantee that gas will be available to meet peak demand periods in the National Electricity Market (such as during heat waves).
  • Implementation arrangements will be developed with the market bodies and other industry participants – AEMO will be given a power to direct the market.
  • This arrangement will be in place in time for next summer.

2) New gas production

  • The gas producers have agreed to make more gas available to the domestic market as soon as possible, to keep downward pressure on prices.
  • Producers will revise their domestic gas production forecasts, and the Australian Energy Market Operator will produce an updated supply outlook.
  • Two of the LNG exporters gave a commitment to being net domestic gas contributors, as part of their social licence. The third has taken the matter on notice.

3) Market transparency

  • The ACCC and Dr Mike Vertigan will advise on options to quickly improve transparency in the gas market, to facilitate competition between producers and information for purchasers.
  • The scope will include the full supply chain – producers, transporters, retailers.

4) State regulation

  • The meeting called on the state and territory governments to revisit restrictions on gas exploration and development.

5) Community support

  • Industry acknowledged the importance of community support.

6) Gas market reform

  • Gas market reforms arising from the recent ACCC gas review will be accelerated.  These reforms will improve pipeline capacity trading and gas trading markets.
  • Further reforms to improve the gas market will be urgently considered.

7) Implementation arrangements

  • The Government is establishing a Taskforce that will manage implementation of the above outcomes, and report to the Cabinet Energy Committee.
  • The Taskforce will include key Departments (PM&C, Energy, Industry, Treasury) and agencies (Geoscience Australia) and energy market bodies (AEMO, ACCC/AER, AEMC).
  • The parties agreed to meet again in a month to review progress.
  • Ministers Frydenberg, Sinodinos and Canavan will meet with gas pipeliner and customers over the next few weeks