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Research Firm Recommends Australia Loosen Gas Production Rules
Oct. 20, 2014 11:53AM PST
Oil and Gas InvestingMining Weekly reported that the Australian Petroleum Production & Exploration Association (APPEA) is pleased with the recommendation that the Australian government should help gas producers by removing “inappropriate barriers” to the fuel’s production and reducing “regulatory burdens” on producers.
Mining Weekly reported that the Australian Petroleum Production & Exploration Association (APPEA) is pleased with the recommendation that the Australian government should help gas producers by removing “inappropriate barriers” to the fuel’s production and reducing “regulatory burdens” on producers.
As quoted in the market news:
Appea was responding to a report from independent researcher the Grattan Institute, which indicated that gas price increases would put severe pressure on some manufacturing industries, including food processing, paper and packaging, explosives and fertilisers.
The gas price increases were also likely to price gas-fired power out of the electricity mix, leading to more coal being used for electricity generation, which would have a damaging effect on the climate and Australia’s emission targets for 2020.