APPEA Chief Executive Malcolm Roberts rejects the view that a gas reservation policy would work and says removing exploration moratoriums will bring more supply to market.
“It’s a very strange idea to think that the way to get more of a product is to increase regulation around that product and increase the costs of development,” Mr Roberts told the ABC’s The Business program on Tuesday 21 February.
“We should be looking at measures that bring more gas to market.
“More gas supply and more gas suppliers will create greater security and more competition in the market.
“Rather than thinking in terms of redistributing a shrinking cake, we should be working on policy and regulatory reforms that support more gas being brought into the market.”
The following letter will be sent to people who seek to represent you in Federal Parliament.
Dear [title] [surname],
Australia is blessed with abundant, affordable, reliable, and safely accessible natural gas reserves.
I want you, as my federal parliamentary representative, to support the Australian natural gas industry’s development so that it may put downward pressure on energy prices and bring on the next wave of Australia's prosperity.
The oil and gas industry is currently spending close to $200 billion on new projects that have so far generated 100,000 jobs across the Australian economy; which will see the industry’s tax contribution rise to almost $13 billion per annum by 2020; and which will underpin the Australian economy for decades to come. We need to also support the next wave of projects that are today under consideration.
I am sending you this because I want to see action on creating more Australian industry and jobs.