Queensland natural gas producers continue to show their willingness to make major investments to increase supply for the tight East Coast gas market.
Australia needs more gas, and illogical blockers to its development should be removed. So says the world’s foremost energy authority, the International Energy Agency, in its latest report on Australia’s energy future.
Activists like to try to portray resource companies as bullies – despite the ongoing evidence that they themselves are commonly the source of vitriolic attacks.
Does the Northern Territory scientific inquiry into fracking know what it is talking about? For that matter, does the Commonwealth Chief Scientist, or the New South Wales Chief Scientist, or the CSIRO? The answer is obviously ‘yes’, in each instance.
There is good news for manufacturers and industrial users in the latest report on natural gas pricing – but householders in Victoria and NSW may feel they are missing out.
Last month we reported the positive draft finding of the scientific inquiry into Hydraulic Fracturing in the Northern Territory. The inquiry made a number of recommendations about regulations and initiatives to protect land and water, but its over-arching conclusion was that the ‘fracking’ risks were manageable, and with good regulation, in some cases could be eliminated altogether.
Estimates of natural gas exports and domestic supply have simultaneously taken a turn for the better as producers have ramped up production in Queensland, South Australia and off the West Australian coast.
There has been plenty of background noise in the lead-up to the imminent release of the review of national energy markets by Australia’s Chief Scientist, Professor Alan Finkel. Amid the speculation there have been some interesting announcements – and some dubious claims.