Gas industry leaders look set to come under intense pressure this week on climate and east coast energy prices as the sector walks a tightrope between ESG pressures and global demand for their product that is forcing prices sky-high and worsening the growing cost-of-living crisis.
prompted some manufacturers exposed to wholesale prices to call for the government to trigger LNG export controls. “Current global events highlight why it is absolutely critical that governments preserve our stable investment environment with policies that support the development of a diverse range of energy solutions for Australia,” he says., said the APPEA conference was coming at a particularly apt moment given the enforced separations due to COVID-19 and the shifting dynamics of the global oil and gas market.
On Monday, Woodside secured approval from the National Offshore Petroleum Titles Administrator for the merger, leaving approval by at least 50 per cent of shareholders the final hurdle. “It’s hard to imagine an Australian government introducing new restrictions on what could go to our allies and trading partners,” he said.