Australia’s newfound status as the world’s biggest LNG exporter is under threat. May’s general election that saw the coal-friendly Liberal-National coalition narrowly hold on to executive power has already yielded the promise of a permanent gas reservation policy which could see more of Australia’s gas held for the domestic market to keep prices low. This could spell disaster for the country’s upstream producers, who face the prospect of their resources becoming uneconomic to produce. Meanwhile, concern is mounting in Australia’s gas industry that political ambivalence to climate change at a national level will damage the gas industry as much as the climate. Gas Matters speaks to Andrew McConville, CEO of the Australian Petroleum Production and Exploration Association (APPEA), to ask where gas fits in today’s Australia.
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