NSW

The latest ACCC gas market report confirms that the gas industry – and Queensland’s LNG industry in particular – has secured domestic supply for 2018 and 2019.

Shale gas, coal seam gas and conventional gas are all methane. The only difference is the rocks in which they are found. Australia has vast shale gas resources that could provide energy security, boost economic development, and enhance emissions reduction by providing back-up for intermittent wind and solar power.

Every reputable study confirms that properly regulated gas development is safe. The oil and gas industry will support the inquiry and provide it with factual, complete and relevant information.

A rapid and substantial decline in oil and gas exploration expenditure is an urgent wake-up call for governments and industry.

COAG recognises new gas supply is urgently needed to prevent a looming shortfall – yet the Victorian government has played politics by extending restrictions on onshore gas development.

Australian domestic gas prices are NOT higher than prices prevailing in Australia’s major LNG export markets – let alone double the overseas prices.

The Australian Energy Market Operator has highlighted the critical role of natural gas in ensuring a smooth transition to a low-carbon future. Gas perfectly complements intermittent renewable energy.

Gas delivers lasting economic benefits to Australia, especially to regional communities; it has a unique role in the transition to a cleaner energy future; and oil and gas will continue to be essential – as fuels and industry feedstocks.

The Australian Competition and Consumer Commission East Coast Gas Inquiry Report confirms the urgent need for policy and regulatory changes to enhance gas supply.

Independent and comprehensive research shows Queensland CSG operations will produce 26 per cent less water over the life of industry than previously estimated.