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.
More anti-gas health claims have emerged this summer – but for those watching the industry over the past five years, they have a very familiar ring. The latest claims are published in the International Journal of Environmental Studies.
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.
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.
Fans of economic mumbo jumbo have had a field day this week as anti-gas activists do their best to decry new sources of supply.
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.
Some of Australia’s most experienced independent energy economics analysts came to a similar conclusion this week: the East Coast needs more gas; and current policy settings federally and in NSW/Victoria are not going to solve the problem of gas supply and rising electricity prices.