Productivity Commission: red tape and market intervention threaten gas benefits

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16 November 17, 11:45am APPEA CEO Malcolm Roberts addresses the APPEA Taxation & Commercial Conference in Glenelg, South Australia today https://t.co/KwtNGbgnH7
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by APPEALtd
15 November 17, 9:14am IEA forecasts #natgas to increase its share of global energy mix in coming decades. Australian gas can boost energy… https://t.co/Sn2w2Egcgw
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by APPEALtd
9 November 17, 11:53am Qld Govt plans for future gas exploration block releases are positive. But gas industry remains concerned about the… https://t.co/lVscjIzC02
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by APPEALtd
8 November 17, 11:05am 3-month delay to NT fracking inquiry's final report threatens Territory jobs and investment #ntpol https://t.co/xTfUmIZgyq
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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Proposals and campaigns for market interventions such as domestic gas reservation should now be withdrawn following the release of a Productivity Commission report, Examining barriers to more efficient gas markets, released today.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.