Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/15044
Title: | Ensuring Domestic Supplies of Natural Gas for Australian Businesses and Households | Contributor(s): | Nelson, Timothy (author) | Publication Date: | 2013 | Handle Link: | https://hdl.handle.net/1959.11/15044 | Abstract: | Australian gas markets are undergoing a substantial transformation. The development of LNG has resulted in a step-change in gas demand. The lumpy and capital-intensive nature of exporting gas has, however, shifted the natural incentives of some economic participants. These changed incentives have created some concern among large domestic industrial users of natural gas. Some domestic gas users have advocated for the reservation of gas reserves for domestic consumption. This paper assesses whether the reservation of gas is the best public policy response to the issues facing industrial users. Developing new dispersed supplies of natural gas (e.g., NSW CSG) is the most logical way to reduce pricing pressures for industrial users of natural gas. In this context, the public policy interests of domestic gas producers and consumers should be aligned. Public policy makers must remove unnecessary barriers to the exploration and production of new gas reserves. Increasing supply at a time when new LNG loads (beyond those under construction) are unlikely to materialise would alleviate any potential shortages of natural gas. At the same time, domestic suppliers of natural gas must continue to innovate to manage uncertainties on behalf of their customers. This is already occurring through the development of gas storage to manage peak loads. | Publication Type: | Journal Article | Source of Publication: | The APPEA Journal, v.2013, p. 177-183 | Publisher: | Australian Petroleum Production and Exploration Association (APPEA) | Place of Publication: | Australia | ISSN: | 2206-8996 1326-4966 |
Fields of Research (FoR) 2008: | 140104 Microeconomic Theory 140209 Industry Economics and Industrial Organisation 140205 Environment and Resource Economics |
Fields of Research (FoR) 2020: | 380304 Microeconomic theory 380109 Industry economics and industrial organisation 380105 Environment and resource economics |
Socio-Economic Objective (SEO) 2008: | 850203 Oil and Gas Extraction 850601 Energy Services and Utilities 850103 Oil and Gas Exploration |
Socio-Economic Objective (SEO) 2020: | 170603 Oil and gas extraction 170303 Energy services and utilities 170203 Oil and gas exploration |
Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
---|---|
Appears in Collections: | Journal Article |
Files in This Item:
File | Description | Size | Format |
---|
Page view(s)
1,054
checked on Jan 21, 2024
Download(s)
4
checked on Jan 21, 2024
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.