Australia’s east coast gas market is currently well supplied, but ongoing investment is essential to maintain reliable energy for manufacturers and households, according to the latest Gas Statement of Opportunities (GSOO) released by Australian Energy Producers.
Chief Executive Samantha McCulloch said the improved outlook highlights the need for stable and competitive policy and tax settings.
“Imposing punitive and retrospective new taxes on the gas industry would stop investment in new gas supply at exactly the time it is needed most,” she said.
“That means less gas, tighter markets, higher energy prices and more cost-of-living pressure on Australian households, businesses and manufacturers,” McCulloch added.
McCulloch also noted that Australian gas prices remain stable despite surges globally, reflecting the advantage of the country’s abundant resources.
She urged governments and industry to work together on policies such as the east coast reservation to support a competitive gas market and encourage new investment.
“At a time of unprecedented volatility and disruptions in global oil and gas markets, the focus must be on encouraging investment in new gas supply — not introducing new taxes that will deter investment and leave Australia exposed to future energy shocks,” she said.
“Without continued investment, Australia risks avoidable shortfalls and higher prices in the year ahead.”
The GSOO underscores that sustained investment in gas supply is critical to securing affordable and reliable energy for Australian manufacturers and households alike.
