APGA welcomes today’s announcement that the Federal Government will act to remove State and Territory restrictions on gas availability, but warned that further solutions will be required to ensure long-term supply.
Chief Executive Peter Greenwood said the gas export controls to ensure adequate domestic supply announced today by Prime Minister Malcolm Turnbull must be restricted to the short term only.
”Simply put, we need to produce more gas,” Mr Greenwood said.
“The real issue for Australia’s gas markets is that too little gas is being produced to meet both domestic and export demand.
“Similarly, the accelerated gas market reforms previously announced focused primarily on pipeline capacity markets and improving liquidity and flexibility does little if anything to increase supply.
“Gas has a vital role to play in Australia’s future energy supply and steps must be taken to ensure this clean and efficient fuel is available to power Australia’s industry and households now and into the future.”
Read more in the Increasing gas supply is the only real solution media release