Global Leader in International Oil and Gas Industry News

posted in:

Australia's 2012 energy white paper will ensure unrestricted LNG exports from the country

Thursday, Jan 10, 2013

Research and Markets (http://www.researchandmarkets.com/research/47jhtf/australias_2012) has announced the addition of GlobalData's new report "Australia's 2012 Energy White Paper will Ensure Unrestricted LNG Exports from the Country" to their offering.

“Australia's 2012 Energy White Paper will Ensure Unrestricted LNG Exports from the Country”

On November 8, 2012, the Australian government announced a key component of its future energy policy, The Energy White Paper - Australia's Energy Transformation. An important feature of the 2012 Energy White Paper is the rejection of government intervention in the country's natural gas market. Earlier, domestic consumer and industry groups had asked the country's government to reserve some natural gas for domestic use.

The premise of the groups is that Australia has abundant natural gas resources and some of these resources should be used for the country's benefit. The groups feared that exports of natural gas as Liquefied Natural Gas (LNG) from the country would lead to an increase in the prices of the domestic gas and affect both the consumers and domestic industry.

However the Australian government contended that it has no role in the regulation of the natural gas prices and will not reserve any natural gas for domestic use. The government said that such action would impede the development of new natural gas resources, decrease returns to the Australian economy, and hinder the growth of efficient domestic natural gas markets.

Source: Buisness Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014
Irving Oil completes voluntary conversion of its crude oil railcar fleet 24-04-2014
Platts adds bakken price assessment in the Williston Basin to its shale offerings 24-04-2014
Wood Group GTS awarded $12M operations & maintenance contract by Apex Bethel Energy Center 24-04-2014
More than 20 new technologies on display at $100,000 shale gas energy innovation contest finals 24-04-2014
Octagon 88 Resources announces plans to spud first horizontal proudction well on Bluesky formation 24-04-2014
Drilling of second and third Eagle Ford wells underway in Texas 24-04-2014
SC 63 - Baragatan -1 well update 24-04-2014
Gas supply for Austria announces OMV and Gazprom strengthen partnership 24-04-2014