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    North Sea oil, gas industry to reach significant milestones due to investment increases, exploration, production success

    Oceaneering introduces new USV service for remote survey work at Offshore Europe 2023

    Oceaneering introduces new USV service for remote survey work at Offshore Europe 2023

    Oceaneering wins two contracts totaling over $100 million for work offshore Angola, Guyana

    Oceaneering wins two contracts totaling over $100 million for work offshore Angola, Guyana

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    Azerbaijan: Inauguration of the Absheron gas field

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    Petronas hires Maersk semi-submersible for Suriname exploration

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  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

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  • Press Releases

    17th International Conference “LUBRICANT MARKET 2023”

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    chevron invests in carbon capture and removal technology company, svante

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    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

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    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

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    Aramco announces second quarter and half-year 2021 results

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    Empire Petroleum buys US oil and gas assets from ExxonMobil

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APPEA: Green Paper recognizes importance of natural gas

Yuvraj_ong by Yuvraj_ong
September 27, 2014
in Asia Pacific, News, Pipelines & Transport
0

The National Energy Green Paper highlights some of the reforms needed to enhance Australia’s international competitiveness and improve the oil and gas industry’s ability to supply both domestic and export markets.

An improved energy policy framework, including a reform of Australia’s labour markets, would remove unnecessary barriers to continued investment in exploration and production and enable the industry to increase domestic gas supplies.

APPEA Chief Executive David Byers said: “APPEA commends the focus in the Green Paper on addressing the issues that detract from Australia’s investment attractiveness.

“It is critical that the Government’s final White Paper ensures Australia’s oil and gas companies are not disadvantaged against international competitors or against producers of other energy sources in Australia.

“Australia has more than enough natural gas to service both domestic and export markets for decades and this puts Australia in an enviable position to maintain long-term energy security.

“Therefore, the Green Paper’s message that Australia must be seen to be open for business – with a stable and predictable policy environment and appropriate taxes and regulation – is a positive one.

“A high-cost local environment and the emergence of new LNG competitors in East Africa and North America are major challenges to LNG industry growth.

“Industry welcomes the Australian Government’s dismissal of domestic gas reservation policy as a solution to a tightening eastern Australian gas market.

“A policy of domestic reservation would not bring on new supplies for manufacturers or other users and the Green Paper correctly notes that increasing gas supply is the best way to ease gas market pressures.

“However the industry does not support inquiries by either the Australian Competition and Consumer Commission or the Productivity Commission into gas market operations.

“The 19 major domestic supply contracts or other commercial arrangements negotiated since the last White Paper was released in November 2012 are testament to the ability of buyers and sellers to reach an outcome.”

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