Productivity Commission: red tape and market intervention threaten gas benefits

Recent articles

Tweets

20 August 19, 6:48pm A warm thanks to @SantosGLNG for hosting an informative tour of #natgas operations for @DNRMEmediaQld and @APPEALtd… https://t.co/4oa8baEEJk
array(24) { ["created_at"]=> string(30) "Tue Aug 20 08:48:14 +0000 2019" ["id"]=> int(1163734475211071494) ["id_str"]=> string(19) "1163734475211071494" ["text"]=> string(452) "A warm thanks to @SantosGLNG for hosting an informative tour of #natgas operations for @DNRMEmediaQld and @APPEALtd… https://t.co/4oa8baEEJk" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(64) [1]=> int(71) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(3) { [0]=> array(5) { ["screen_name"]=> string(10) "SantosGLNG" ["name"]=> string(11) "Santos GLNG" ["id"]=> int(351252143) ["id_str"]=> string(9) "351252143" ["indices"]=> array(2) { [0]=> int(17) [1]=> int(28) } } [1]=> array(5) { ["screen_name"]=> string(13) "DNRMEmediaQld" ["name"]=> string(11) "DNRME Media" ["id"]=> int(837159467154169856) ["id_str"]=> string(18) "837159467154169856" ["indices"]=> array(2) { [0]=> int(87) [1]=> int(101) } } [2]=> array(5) { ["screen_name"]=> string(8) "APPEALtd" ["name"]=> string(5) "APPEA" ["id"]=> int(632462417) ["id_str"]=> string(9) "632462417" ["indices"]=> array(2) { [0]=> int(106) [1]=> int(115) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/4oa8baEEJk" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1163734475211071494" ["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(5) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
20 August 19, 4:22pm Impressive to visit a 1200 hectare plantation of 1.3 million Chinchilla White Gums near Injune, #Queensland as part… https://t.co/fqSnIfhopS
array(24) { ["created_at"]=> string(30) "Tue Aug 20 06:22:03 +0000 2019" ["id"]=> int(1163697687339737088) ["id_str"]=> string(19) "1163697687339737088" ["text"]=> string(269) "Impressive to visit a 1200 hectare plantation of 1.3 million Chinchilla White Gums near Injune, #Queensland as part… https://t.co/fqSnIfhopS" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(10) "Queensland" ["indices"]=> array(2) { [0]=> int(96) [1]=> int(107) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/fqSnIfhopS" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1163697687339737088" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(82) "Twitter for iPhone" ["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
20 August 19, 11:04am Visiting the picturesque Arcadia Valley in the Central Highlands region of #Queensland as part of an #oilandgas tou… https://t.co/9cTblkv5re
array(24) { ["created_at"]=> string(30) "Tue Aug 20 01:04:58 +0000 2019" ["id"]=> int(1163617891364642816) ["id_str"]=> string(19) "1163617891364642816" ["text"]=> string(341) "Visiting the picturesque Arcadia Valley in the Central Highlands region of #Queensland as part of an #oilandgas tou… https://t.co/9cTblkv5re" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(10) "Queensland" ["indices"]=> array(2) { [0]=> int(75) [1]=> int(86) } } [1]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(101) [1]=> int(111) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/9cTblkv5re" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1163617891364642816" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(82) "Twitter for iPhone" ["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(3) ["favorite_count"]=> int(6) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
14 August 19, 4:49pm CEO @sententia_gas interviewed by @MikeySlezak from @abc730 about Australia's #natgas sector working with governmen… https://t.co/nB9e0RbBxR
array(24) { ["created_at"]=> string(30) "Wed Aug 14 06:49:47 +0000 2019" ["id"]=> int(1161530337710788613) ["id_str"]=> string(19) "1161530337710788613" ["text"]=> string(448) "CEO @sententia_gas interviewed by @MikeySlezak from @abc730 about Australia's #natgas sector working with governmen… https://t.co/nB9e0RbBxR" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "natgas" ["indices"]=> array(2) { [0]=> int(78) [1]=> int(85) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(3) { [0]=> array(5) { ["screen_name"]=> string(13) "sententia_gas" ["name"]=> string(17) "Andrew McConville" ["id"]=> int(82637774) ["id_str"]=> string(8) "82637774" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(18) } } [1]=> array(5) { ["screen_name"]=> string(11) "MikeySlezak" ["name"]=> string(14) "Michael Slezak" ["id"]=> int(15578518) ["id_str"]=> string(8) "15578518" ["indices"]=> array(2) { [0]=> int(34) [1]=> int(46) } } [2]=> array(5) { ["screen_name"]=> string(6) "abc730" ["name"]=> string(6) "abc730" ["id"]=> int(132731802) ["id_str"]=> string(9) "132731802" ["indices"]=> array(2) { [0]=> int(52) [1]=> int(59) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/nB9e0RbBxR" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1161530337710788613" ["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(2) ["favorite_count"]=> int(6) ["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.