Tag: Australian Energy Producers

Australian industry group Australian Energy Producers has welcomed a decision by the NSW Government to open new areas for gas exploration for the first time in more than a decade, describing the move as a critical step toward strengthening the state’s future energy supply.

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 a media release from Australian Energy Producers (AEP) responding to the latest Gas Statement of Opportunities (GSOO) published by the Australian Energy Market Operator.

Australia’s liquefied natural gas (LNG) exports have been positioned as a key pillar of regional energy security following a new fuel security agreement between Australia and Singapore, according to Australian Energy Producers.

Australian Energy Producers has welcomed the Federal Government’s decision to open five new offshore petroleum exploration areas in the Otway Basin, saying the move will help secure long-term gas supply for Australia’s energy system and support key sectors, including manufacturing.

The South Australian Government’s newly announced Gas Initiative grants have been welcomed by Australian Energy Producers as an important measure to support investment in new gas supply and infrastructure across the state.

Australia’s oil and gas sector has expressed a willingness to work collaboratively with Prime Minister Anthony Albanese’s newly restructured Ministry, emphasising the need for energy policy reforms that support long-term energy security and economic development.

Western Australia's domestic energy security is set to improve under significant changes to the state's gas policy regime, aimed at unlocking new supply and ensuring reliable energy for the region, as revealed in a news release. 

A recent parliamentary inquiry into Western Australia’s domestic gas policy has revealed that the state's gas industry is effectively fulfilling domestic supply requirements at stable prices. 

The Australia Energy Market Operator (AEMO) has underscored the essential role of gas in Australia's energy security and the urgent need for new gas supply and infrastructure investments to achieve net-zero emissions by 2050 in its 2024 Integrated System Plan (ISP).

Australia’s oil and gas industry is poised to make a significant contribution to federal, state, and territory government coffers this fiscal year, surpassing expectations with over $17 billion in taxation revenue.