Queensland Premier Anastasia Palacszuk declared this week that Australia’s East Coast needs to produce more gas – and then backed up her words with an announcement of expanded exploration opportunities.
Queensland natural gas producers continue to show their willingness to make major investments to increase supply for the tight East Coast gas market.
Another step toward greater customer confidence in the Australian natural gas market has been achieved this week, with the implementation of new disclosure rules for pipeline transportation costs.
China is heading towards what will likely be an unwelcome status as the world’s biggest creator of carbon emissions. But Australia is doing its bit to help reduce the impact of its urbanisation and industrial growth in the country with the world’s biggest population and second biggest economy (after the USA).
Recent data released by Australia Pacific LNG (APLNG), operated by Origin Energy, has shown the flow of gas from the Condamine River seeps has fallen considerably to the lowest levels recorded.
Natural gas will be a growing part of the world’s energy mix for decades to come, according to the latest analysis by the International Energy Agency. In fact the IEA expects natural gas use to increase by 45% between now and 2040.
On the topic of natural gas supply, Queensland continues to deliver for Australia’s populous south-eastern states. NSW and Victoria are the biggest consumers of gas by far – hundreds of thousands of manufacturing jobs depend on natural gas, as do tens of thousands of small businesses and millions of consumers.
A major energy conference this week heard from policymakers, regulators, energy users and companies right across the supply chain, and beyond the broad agreement that there is, now more than ever, an urgent need for policy stability and certainty, the role of natural gas was high on the agenda.