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Report highlights gas export opportunities

AEP VIC NSW

The latest Resources and Energy Quarterly has shown the Federal Government should further invest in LNG, according to Australian Energy Producers (AEP).

AEP chief executive Samantha McCulloch said LNG was still delivering substantial benefits, despite resources returns broadly declining after the recent peak of the cycle.

“Australia’s oil and gas industry is committed to ensuring that our LNG exports deliver substantial returns to Australia while underpinning our domestic energy security,” she said.

“Our exports help governments build hospitals and schools and fund policies such as cost-of-living relief.”

McCulloch noted the importance of the Future Gas Strategy.

“The Future Gas Strategy must recognise the critical roles of Australian gas in the decades to come –both domestically and in our region,” she said.

“New gas supply is critical for domestic and international markets where our valued customers rely on our energy and help support thousands of jobs and pay for public services and infrastructure in Australia.

“Export returns like these show Australia must secure the opportunity of LNG, with Southeast Asia alone expected to increase LNG demand by a factor of 10 by 2050 under some IEA scenarios.”

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