Gas supply warning demands urgent action

Recent articles


Tweets

22 May 22, 2:23pm The oil and gas industry congratulates @AlboMP and Labor on their election success https://t.co/ew12RE23Io
array(24) { ["created_at"]=> string(30) "Sun May 22 04:23:57 +0000 2022" ["id"]=> int(1528230159886610432) ["id_str"]=> string(19) "1528230159886610432" ["text"]=> string(217) "The oil and gas industry congratulates @AlboMP and Labor on their election success https://t.co/ew12RE23Io" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(6) "AlboMP" ["name"]=> string(16) "Anthony Albanese" ["id"]=> int(254515782) ["id_str"]=> string(9) "254515782" ["indices"]=> array(2) { [0]=> int(39) [1]=> int(46) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/ew12RE23Io" ["expanded_url"]=> string(117) "https://www.appea.com.au/all_news/statement-appea-acting-chief-executive-damian-dwyer-on-the-federal-election-result/" ["display_url"]=> string(30) "appea.com.au/all_news/state…" ["indices"]=> array(2) { [0]=> int(83) [1]=> int(106) } } } } ["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
20 May 22, 3:51pm Find out more about all the #awards winners from the 2022 APPEA Conference and Exhibition that took place in… https://t.co/b7MHDQIOdf
array(24) { ["created_at"]=> string(30) "Fri May 20 05:51:00 +0000 2022" ["id"]=> int(1527527287276859392) ["id_str"]=> string(19) "1527527287276859392" ["text"]=> string(258) "Find out more about all the #awards winners from the 2022 APPEA Conference and Exhibition that took place in… https://t.co/b7MHDQIOdf" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "awards" ["indices"]=> array(2) { [0]=> int(28) [1]=> int(35) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/b7MHDQIOdf" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527527287276859392" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(110) [1]=> int(133) } } } } ["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
19 May 22, 4:12pm APPEA Chair Ian Davies talks of embracing change as he delivers his closing address of the 2022 APPEA Conference.… https://t.co/KiFqPSZAUe
array(24) { ["created_at"]=> string(30) "Thu May 19 06:12:24 +0000 2022" ["id"]=> int(1527170286864695296) ["id_str"]=> string(19) "1527170286864695296" ["text"]=> string(194) "APPEA Chair Ian Davies talks of embracing change as he delivers his closing address of the 2022 APPEA Conference.… https://t.co/KiFqPSZAUe" ["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/KiFqPSZAUe" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527170286864695296" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(115) [1]=> int(138) } } } } ["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
19 May 22, 3:27pm Ben Dahl, BDM at corrosion management specialist @COSASCO takes a stand at booth 124 of the 2022 @APPEACONFERENCE a… https://t.co/SROSwYNVSZ
array(24) { ["created_at"]=> string(30) "Thu May 19 05:27:07 +0000 2022" ["id"]=> int(1527158891347603456) ["id_str"]=> string(19) "1527158891347603456" ["text"]=> string(320) "Ben Dahl, BDM at corrosion management specialist @COSASCO takes a stand at booth 124 of the 2022 @APPEACONFERENCE a… https://t.co/SROSwYNVSZ" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(2) { [0]=> array(5) { ["screen_name"]=> string(7) "COSASCO" ["name"]=> string(7) "Cosasco" ["id"]=> int(36894784) ["id_str"]=> string(8) "36894784" ["indices"]=> array(2) { [0]=> int(49) [1]=> int(57) } } [1]=> array(5) { ["screen_name"]=> string(15) "APPEACONFERENCE" ["name"]=> string(31) "APPEA Conference and Exhibition" ["id"]=> int(213619824) ["id_str"]=> string(9) "213619824" ["indices"]=> array(2) { [0]=> int(97) [1]=> int(113) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/SROSwYNVSZ" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527158891347603456" ["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

Governments in eastern Australia must pull out all stops to encourage the investment needed to address predicted gas shortages as highlighted by the Australian Energy Market Operator (AEMO) today.

The latest Gas Statement of Opportunities (GSOO) warns that developed gas reserves in eastern and south-eastern Australia can only meet forecast demand until 2019.

“The information released by AEMO today is a sobering reminder that the east coast needs rapid development of new gas resources to guarantee supply,” APPEA Chief Executive Dr Malcolm Roberts said.

“We have long argued that if we wish to achieve a more competitive market, put downward pressure on prices and ensure stable, adequate supply, we must bring more gas to market.

“Unfortunately a mix of policy indecision, restrictive regulations and politically motivated moratoriums, particularly in Victoria, has stymied exploration and development of our abundant natural gas resources.

“Almost 80 per cent of households in Victoria and thousands of local businesses rely on natural gas, yet the State refuses to develop its onshore resources.”

Dr Roberts said the commercial climate for exploration and development in Australia was already extremely difficult. Fewer onshore exploration wells were drilled in 2015 than at any other time in the last 20 years.

“In eastern Australia, the number of exploration wells drilled almost halved from 2014 to 2015 – from 70 wells to just 40,” he said.

“Sound policies are needed to provide greater certainty and investor confidence to support exploration and reduce the high cost of development and production.”

The GSOO comes a day after the Australian Competition and Consumer Commission called for urgent policy and regulatory changes to enhance gas supply to the eastern Australian market.