Governments must remove supply restrictions: APPEA

APPEA Chief Executive Dr Malcolm Roberts.

APPEA Chief Executive Dr Malcolm Roberts.

The latest ACCC gas market report confirms that the gas industry – in particular Queensland’s LNG industry – has secured domestic supply for 2018 and 2019.

The Australian Competition and Consumer Commission’s (ACCC) Gas Inquiry 2017-20 Interim Report – December 2017 found that since September, LNG producers have contracted 42 PJ of gas under long-term gas supply agreements to domestic buyers for supply in 2018, reducing exports to make this happen.

“The industry is meeting the commitment it gave to the Prime Minister in October to ensure eastern Australia has sufficient gas supply,” said Australian Petroleum Production and Exploration Association (APPEA) Chief Executive Dr Malcolm Roberts.

“The ACCC finds LNG producers have made significant additional quantities available to the domestic market over the past few months and that prices have eased significantly.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

Enter your details to receive a free trial to Pipeline, Plant & Offshore

Thank you for signing up for the Pipeline, Plant & Offshore trial.