Gas sector split on export restrictions
As the nation’s oil and gas industry gathers in Perth today for its annual conference, there appears to be a fracturing of sector unity as Prime Minister Malcolm Turnbull talks of targeted east coast export restrictions and oil prices remain under sustained pressure.
On east coast gas restrictions, the Santos-led Gladstone LNG project is receiving little support from its Queensland export rivals or domestic competitors in its claim the Prime Minister’s export restrictions, which only target GLNG, create sovereign risk.
There is also an east-west divide building, with Perth-based Woodside Petroleum chief Peter Coleman, the conference’s keynote speaker, saying last week that the peak body that sponsors the conference, the Australian Petroleum Production and Exploration Association, had been too focused on the east coast gas crisis in recent years.
Friday, May 19, 2017
Subscribe to weekly updates
- Bid to put power ball in Turnbull’s court
- 'Unprecedented': Solar panel installations soar, on track to triple 2017 record
- Cap energy mergers to bring down power bills, ACCC tells Malcolm Turnbull
- ACCC calls for major reset of energy sector to drive down power bills
- 'The short answer is yes': Abbott's vow to cross the floor over government's energy policy
- Gas to the fore after Liddell power station closure
- East coast gas shortage eases but Longford outage puts pressure on prices
- Renewable energy set to supply one-third of market needs by 2020
- South Australia rides renewables boom to become electricity exporter
- Big power resists AEMO 'strategic reserve' push after NSW squeeze