Productivity Commission: red tape and market intervention threaten gas benefits

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28 February 20, 12:34pm The #oilandgas sector welcomes Minister for Energy and Emissions Reduction @AngusTaylorMP's plans for a technology… https://t.co/vQoZzyTOXP
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25 February 20, 11:05am Looking for a new challenge? APPEA is recruiting for a Sustainability Manager for #Queensland. The manager is respo… https://t.co/cspVG1R8nf
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25 February 20, 8:49am The #oilandgas industry remains hopeful the Victorian government will "see sense" and lift the moratorium on conven… https://t.co/BwS4OM1DgW
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24 February 20, 2:29pm The #oilandgas industry welcomes the Victorian Opposition @michaelobrienmp's announcement to support lifting the st… https://t.co/UHrhMNojlI
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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Proposals and campaigns for market interventions such as domestic gas reservation should now be withdrawn following the release of a Productivity Commission report, Examining barriers to more efficient gas markets, released today.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.