GLNG to supply gas to domestic market

Recent articles

Tweets

7 December 21, 11:40am A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68
array(24) { ["created_at"]=> string(30) "Tue Dec 07 01:40:41 +0000 2021" ["id"]=> int(1468032683808677889) ["id_str"]=> string(19) "1468032683808677889" ["text"]=> string(259) "A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(12) "FrontierEcon" ["name"]=> string(18) "Frontier Economics" ["id"]=> int(234700592) ["id_str"]=> string(9) "234700592" ["indices"]=> array(2) { [0]=> int(18) [1]=> int(31) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/wkv2lQjg68" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1468032683808677889" ["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
6 December 21, 4:28pm Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm
array(24) { ["created_at"]=> string(30) "Mon Dec 06 06:28:08 +0000 2021" ["id"]=> int(1467742634978398214) ["id_str"]=> string(19) "1467742634978398214" ["text"]=> string(262) "Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(3) "GHG" ["indices"]=> array(2) { [0]=> int(61) [1]=> int(65) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/OPt8jG1wVm" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1467742634978398214" ["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(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
6 December 21, 11:23am Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO
array(24) { ["created_at"]=> string(30) "Mon Dec 06 01:23:21 +0000 2021" ["id"]=> int(1467665937159520260) ["id_str"]=> string(19) "1467665937159520260" ["text"]=> string(331) "Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(92) [1]=> int(102) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(12) "EY_Australia" ["name"]=> string(12) "EY Australia" ["id"]=> int(195652305) ["id_str"]=> string(9) "195652305" ["indices"]=> array(2) { [0]=> int(38) [1]=> int(51) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/PZubb66zRO" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1467665937159520260" ["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(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
3 December 21, 3:47pm #Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2
array(24) { ["created_at"]=> string(30) "Fri Dec 03 05:47:59 +0000 2021" ["id"]=> int(1466645367844335619) ["id_str"]=> string(19) "1466645367844335619" ["text"]=> string(276) "#Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(5) "Labor" ["indices"]=> array(2) { [0]=> int(0) [1]=> int(6) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/QcGUT7VlH2" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1466645367844335619" ["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
Santos has announced that the Gladstone LNG project will supply 30 petajoules of gas, which would otherwise have been exported as LNG, to the east coast domestic market over 2018 and 2019.
 
APPEA Chief Exective Dr Malcolm Roberts said this deal was just the latest in a series of announcements that prove the market is working.
 
“While the supply-demand balance is tight, a string of new contracts confirm that gas producers are delivering,” Dr Roberts said.
 
“Today’s announcement is the latest initiative from Santos and its GLNG partners to lift domestic supply.
 
“Last week, Santos announced a three-year swap arrangement to boost supply to southern markets. Four weeks ago, Santos and its GLNG partners announced that they will supply the gas to return the Pelican Point power station to full service.
 
“Other producers are also supplying more gas to the market. In Queensland, for example, the Swanbank E power station is being returned to service with gas supplied by Shell Australia.
 
“Over the last five years, the industry has tripled gas production on the east coast.
 
“Before the massive investment driven by the three east coast LNG projects, customers were facing the prospect of importing gas from PNG.
 
“Now, thanks to the LNG investment, CSG has been developed into an essential source of energy for the domestic market, meeting more than 40 per cent of local demand.
 
“The industry will continue to develop new resources and write new domestic supply contracts. It will continue to work with the Queensland and South Australian governments to expand supply to the market.
 
“If the NSW and Victorian governments are genuinely concerned by rising gas prices, they should stop playing politics and lift their bans and restrictions on developing local gas supply.”
 
Dr Roberts said these new contracts show that the market can solve the tight conditions in the east coast gas market, especially if supported by policies that reduce the costs and risks of developing new supply.