Restricting LNG exports to boost domestic gas supply is likely to backfire.

Recent articles


Tweets

14 August 17, 1:55pm Santos-ENGIE South Australian gas supply deal is latest demonstration of gas industry commitment to domestic market https://t.co/ZPEfyOYPcQ
array(24) { ["created_at"]=> string(30) "Mon Aug 14 03:55:48 +0000 2017" ["id"]=> int(896943413458681857) ["id_str"]=> string(18) "896943413458681857" ["text"]=> string(193) "Santos-ENGIE South Australian gas supply deal is latest demonstration of gas industry commitment to domestic market https://t.co/ZPEfyOYPcQ" ["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/ZPEfyOYPcQ" ["expanded_url"]=> string(77) "https://www.appea.com.au/media_release/gas-industry-boosting-domestic-supply/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(116) [1]=> int(139) } } } } ["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(8) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 August 17, 2:56pm LNG export controls would jeopardise the future investment that is needed to maintain gas supply. #auspol https://t.co/YoXidSQXkS
array(24) { ["created_at"]=> string(30) "Fri Aug 11 04:56:49 +0000 2017" ["id"]=> int(895871605863202818) ["id_str"]=> string(18) "895871605863202818" ["text"]=> string(252) "LNG export controls would jeopardise the future investment that is needed to maintain gas supply. #auspol https://t.co/YoXidSQXkS" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "auspol" ["indices"]=> array(2) { [0]=> int(98) [1]=> int(105) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/YoXidSQXkS" ["expanded_url"]=> string(72) "https://www.appea.com.au/media_release/gas-supply-lng-economic-benefits/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(106) [1]=> int(129) } } } } ["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
11 August 17, 2:29pm QLD LNG industry has delivered large-scale development of #CSG. Making big contribution to economy & energy security https://t.co/YoXidSQXkS
array(24) { ["created_at"]=> string(30) "Fri Aug 11 04:29:05 +0000 2017" ["id"]=> int(895864622850334720) ["id_str"]=> string(18) "895864622850334720" ["text"]=> string(265) "QLD LNG industry has delivered large-scale development of #CSG. Making big contribution to economy & energy security https://t.co/YoXidSQXkS" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(3) "CSG" ["indices"]=> array(2) { [0]=> int(58) [1]=> int(62) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/YoXidSQXkS" ["expanded_url"]=> string(72) "https://www.appea.com.au/media_release/gas-supply-lng-economic-benefits/" ["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(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
4 August 17, 3:42pm LNG exports to surge over next 2 years. Expected to contribute almost ½ percentage point to annual GDP growth: RBA https://t.co/f7hCoofnbu
array(24) { ["created_at"]=> string(30) "Fri Aug 04 05:42:34 +0000 2017" ["id"]=> int(893346400213155840) ["id_str"]=> string(18) "893346400213155840" ["text"]=> string(193) "LNG exports to surge over next 2 years. Expected to contribute almost ½ percentage point to annual GDP growth: RBA https://t.co/f7hCoofnbu" ["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/f7hCoofnbu" ["expanded_url"]=> string(88) "https://www.rba.gov.au/publications/smp/2017/aug/pdf/03-domestic-economic-conditions.pdf" ["display_url"]=> string(28) "rba.gov.au/publications/s…" ["indices"]=> array(2) { [0]=> int(115) [1]=> int(138) } } } } ["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(0) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

Curbing Queensland LNG exports is a short-term fix that could actually worsen eastern Australia’s gas supply problem.
 
On 24 July, the Government began the formal process to consider whether the Australian Domestic Gas Security Mechanism (ADGSM) will be used to restrict Queensland LNG exports for 2018.
 
But APPEA Chief Executive Dr Malcolm Roberts warned export restrictions could worsen the problem they were meant to solve.
 
“The industry has tripled east coast gas production in the past five years, creating an entirely new supply from CSG,” he said.
 
“This is despite the political restrictions and bans imposed by some states and the NT..
 
“APPEA agrees more gas is needed in the domestic market, but restricting a successful export industry is not the answer.
 
“Export controls threaten the $50 billion in new investment needed to maintain current supply. Restricting exports will only redistribute existing gas supply; it won’t deliver new supply.
 
“The only sustainable solution is more gas supply. The government should work with industry on regulatory reforms to reduce the cost of developing new supply. And it should continue to pressure state and territory governments to immediately remove gas bans and moratoriums and consider all new projects on their merits.”
 
Dr Roberts said the Energy Supply Outlook (ESO), released in June by the Australian Energy Market Operator, confirmed there is no need to restrict gas exports.
 
He said the ESO was only a partial update of the March 2017 Gas Statement of Opportunities.
 
“It doesn’t capture new gas supply announced after 1 May and, inexplicably, doesn’t revise the high forecasts of LNG demand for gas,” he said.
 
“The ESO shows that actual demand for gas from the LNG projects to date is significantly lower than the March 2017 forecast. The full update, expected in early August, is likely to show no supply shortfalls are expected and there is no need to restrict LNG exports.”