Productivity Commission: red tape and market intervention threaten gas benefits

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30 July 20, 3:10pm Watch a video by APPEA's Chief Executive @sententia_gas about the #oilandgas industry's response to the interim rep… https://t.co/ESoDpAY88Z
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by APPEALtd
29 July 20, 10:17am In today's @australian, @APPEALtd Chief Executive @sententia_gas says the #oilandgas industry will be a central par… https://t.co/fbjzhuVqIj
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by APPEALtd
22 July 20, 1:56pm Australia’s #oilandgas sector is doing its bit for #regional Australia. Today’s @sententia_gas joined @RegionalAus… https://t.co/yBefzw8ktA
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by APPEALtd
22 July 20, 12:40pm Latest @AEMO_Media data confirms #natgas prices are lowest since end 2015 and have continuously fallen in recent ye… https://t.co/4sJC7Ct8Ws
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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Proposals and campaigns for market interventions such as domestic gas reservation should now be withdrawn following the release of a Productivity Commission report, Examining barriers to more efficient gas markets, released today.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.