Gas supply warning demands urgent action

Recent articles


Tweets

18 September 17, 1:01pm WA’s planned fracking inquiry will waste time & money. History & many reviews have shown fracking is done safely https://t.co/v2sDAeNiY2
array(24) { ["created_at"]=> string(30) "Mon Sep 18 03:01:07 +0000 2017" ["id"]=> int(909613224923774976) ["id_str"]=> string(18) "909613224923774976" ["text"]=> string(200) "WA’s planned fracking inquiry will waste time & money. History & many reviews have shown fracking is done safely https://t.co/v2sDAeNiY2" ["truncated"]=> bool(false) ["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/v2sDAeNiY2" ["expanded_url"]=> string(73) "https://www.appea.com.au/2017/09/wa-doesnt-need-another-fracking-inquiry/" ["display_url"]=> string(30) "appea.com.au/2017/09/wa-doe…" ["indices"]=> array(2) { [0]=> int(121) [1]=> int(144) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(5) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
15 September 17, 10:21am Australian gas producers responding to tight supply. A dozen new supply contracts & projects announced since March https://t.co/pOW6D8AnCA
array(24) { ["created_at"]=> string(30) "Fri Sep 15 00:21:24 +0000 2017" ["id"]=> int(908485866196107264) ["id_str"]=> string(18) "908485866196107264" ["text"]=> string(196) "Australian gas producers responding to tight supply. A dozen new supply contracts & projects announced since March https://t.co/pOW6D8AnCA" ["truncated"]=> bool(false) ["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/pOW6D8AnCA" ["expanded_url"]=> string(80) "https://www.appea.com.au/media_release/gas-industry-responds-to-supply-concerns/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(119) [1]=> int(142) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(4) ["favorite_count"]=> int(5) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
7 September 17, 2:28pm New contracts show gas industry can ease tight eastern gas market. But policies must cut costs &risks of development https://t.co/TUFgFZPQDO
array(24) { ["created_at"]=> string(30) "Thu Sep 07 04:28:41 +0000 2017" ["id"]=> int(905648994327552000) ["id_str"]=> string(18) "905648994327552000" ["text"]=> string(198) "New contracts show gas industry can ease tight eastern gas market. But policies must cut costs &risks of development https://t.co/TUFgFZPQDO" ["truncated"]=> bool(false) ["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/TUFgFZPQDO" ["expanded_url"]=> string(77) "https://www.appea.com.au/media_release/glng-redirects-gas-to-domestic-market/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(121) [1]=> int(144) } } } } ["source"]=> string(66) "Twitter Web Client" ["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
6 September 17, 4:03pm Political debate fails to recognise economic importance of #LNG exports, or policy risks to export & domestic gas. https://t.co/VfSnufIhQW
array(24) { ["created_at"]=> string(30) "Wed Sep 06 06:03:01 +0000 2017" ["id"]=> int(905310348701343745) ["id_str"]=> string(18) "905310348701343745" ["text"]=> string(262) "Political debate fails to recognise economic importance of #LNG exports, or policy risks to export & domestic gas. https://t.co/VfSnufIhQW" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(3) "LNG" ["indices"]=> array(2) { [0]=> int(59) [1]=> int(63) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/VfSnufIhQW" ["expanded_url"]=> string(73) "https://www.appea.com.au/media_release/lng-economic-growth-trade-balance/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(119) [1]=> int(142) } } } } ["source"]=> string(66) "Twitter Web Client" ["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(4) ["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.