Productivity Commission: red tape and market intervention threaten gas benefits

Recent articles


Tweets

24 May 19, 9:44am .@APPEA has appointed two new Directors to lead important #oilandgas States. The #Qld Director is Georgy Mayo and… https://t.co/nhg0xcU5Q6
array(24) { ["created_at"]=> string(30) "Thu May 23 23:44:21 +0000 2019" ["id"]=> int(1131707471385337856) ["id_str"]=> string(19) "1131707471385337856" ["text"]=> string(389) ".@APPEA has appointed two new Directors to lead important #oilandgas States. The #Qld Director is Georgy Mayo and… https://t.co/nhg0xcU5Q6" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(59) [1]=> int(69) } } [1]=> array(2) { ["text"]=> string(3) "Qld" ["indices"]=> array(2) { [0]=> int(82) [1]=> int(86) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(5) "Appea" ["name"]=> string(9) "Nana Akua" ["id"]=> int(20275880) ["id_str"]=> string(8) "20275880" ["indices"]=> array(2) { [0]=> int(1) [1]=> int(7) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/nhg0xcU5Q6" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1131707471385337856" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(116) [1]=> int(139) } } } } ["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(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:52pm Australia's #oilandgas sector works in close collaboration with @NOPSEMA and other industry stakeholders to highlig… https://t.co/bPN23nzZQA
array(24) { ["created_at"]=> string(30) "Tue May 21 06:52:07 +0000 2019" ["id"]=> int(1130727956936921088) ["id_str"]=> string(19) "1130727956936921088" ["text"]=> string(326) "Australia's #oilandgas sector works in close collaboration with @NOPSEMA and other industry stakeholders to highlig… https://t.co/bPN23nzZQA" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(7) "nopsema" ["name"]=> string(7) "NOPSEMA" ["id"]=> int(772983510940258304) ["id_str"]=> string(18) "772983510940258304" ["indices"]=> array(2) { [0]=> int(64) [1]=> int(72) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/bPN23nzZQA" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130727956936921088" ["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(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:33pm It’s encouraging that we continue to see unprecedented #collaboration and strong engagement across all parts of the… https://t.co/DGRhH8QfA1
array(24) { ["created_at"]=> string(30) "Tue May 21 06:33:11 +0000 2019" ["id"]=> int(1130723192882909186) ["id_str"]=> string(19) "1130723192882909186" ["text"]=> string(274) "It’s encouraging that we continue to see unprecedented #collaboration and strong engagement across all parts of the… https://t.co/DGRhH8QfA1" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(13) "collaboration" ["indices"]=> array(2) { [0]=> int(55) [1]=> int(69) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/DGRhH8QfA1" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130723192882909186" ["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(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
21 May 19, 4:24pm Australia's #oilandgas sector is fully committed to the importance of safety, risk mitigation and the paramount obj… https://t.co/64kAHTWffE
array(24) { ["created_at"]=> string(30) "Tue May 21 06:24:55 +0000 2019" ["id"]=> int(1130721110725500928) ["id_str"]=> string(19) "1130721110725500928" ["text"]=> string(268) "Australia's #oilandgas sector is fully committed to the importance of safety, risk mitigation and the paramount obj… https://t.co/64kAHTWffE" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/64kAHTWffE" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1130721110725500928" ["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(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

Proposals and campaigns for market interventions such as domestic gas reservation should now be withdrawn following the release of a Productivity Commission report, Examining barriers to more efficient gas markets, released today.

The Commission’s key finding – that developing a gas export industry in eastern Australia will deliver a net benefit to the community – is particularly welcome.”

The Commission also found that removing regulatory burdens restricting exploration and production of natural gas, particularly in Victoria and NSW, was the clear pathway to not only allowing the market to work more efficiently and effectively, but also bringing on more gas supply.

The report finds that the scientific evidence suggests that the technical challenges and risks can be managed through a well-designed regulatory regime.

The Productivity Commission’s report can be viewed here.