Skip to main content

Oil and gas sector to work with Australian authorities

Published by , Editorial Assistant
Oilfield Technology,

Australia’s oil and gas industry recognises the issues confronting the east coast electricity market, and gas suppliers will continue to work constructively with regulators and governments on a way forward, following the meeting of energy ministers on 8 June.

The Australian Petroleum Production & Exploration Association (APPEA) said it was important the whole energy system was considered given recent pressures on gas supply were caused by coal-powered generation outages and the inability of renewables to input power as required.

“These are highly complicated regulatory matters and we look forward to continuing consultation with regulators and governments to resolve them," APPEA Acting Chief Executive, Damian Dwyer said.

“[The] meeting recognised the critical role the gas sector plays in meeting the energy security needs of the nation.

“We are doing everything we can to look after customers and fill the energy void left by coal-fired power generators in particular.

“Gas companies have already acted to ensure gas flows to where it is needed using the mechanisms put in place to help us do so – mechanisms which provide the market with transparency, affordability and supply.

“As [the] meeting reaffirmed, gas is delivering energy security to Australia and the current situation highlights the critical role gas will play in decades to come, replacing higher emissions coal and as a stabiliser for renewables when the wind doesn’t blow and the sun doesn’t shine.

“But to do that needs more investment certainty. Natural gas gives the energy system stability. But the industry needs an investment environment that supports stability.

“Years of needless state moratoriums, bans and delays, have only contributed to the situation the east coast energy market is now in. The industry has invested over AUS$20 billion on supply in the past 18 months. More can be invested under the right investment settings.”

Read the latest issue of Oilfield Technology in full for free: Spring 2022

Oilfield Technology’s first issue of 2022 begins with analysis from Wood Mackenzie on the disconnect between surging oil prices and US oil production growth and investment. The rest of the issue is dedicated to features covering sand removal technology, dissolvable frac plug technology, digitalisation of offshore operations, annular intervention, oilfield chemicals, subsea compression systems and smart instrument measurement.

Exclusive contributions come from TETRA Technologies, NOV, Archer, Expro, Locus Bio-Energy Solutions, AES Drilling Fluids, MAN Energy Solutions and Winters Instruments.

Read the article online at:

You might also like


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Upstream news Oil & gas news