Carbon pricing mechanism to add cost to LNG exporters

In response to the official commencement of the Federal Government’s carbon pricing mechanism on 1 July, the Australian Petroleum Production & Exploration Association (APPEA) Chief Executive David Byers has said that the carbon pricing mechanism represents an addition to the cost structure of Australian LNG exporters competing in global markets.

“It is important to recognise there is no international carbon price in operation. So while natural gas as a lower emissions fuel source will be more competitive as an energy source for domestic power generation, Australia is imposing a cost on its gas export industry that will not be borne by any of its LNG competitors. This will diminish its international competitive standing,” Mr Byers said.

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