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More proof Australians pay less for our gas than overseas

Date Time More proof Australians pay less for our gas than overseas The voice of Australia’s oil and gas industry said the latest international survey of wholesale gas prices by the International Gas Union (IGU) shows Australia’s average natural gas prices remain competitive. The 2021 IGU’s Wholesale Gas Price Survey shows the average wholesale gas price in the Asia-Pacific last year was around 27 per cent higher than in Australia (which was $US5.28/MMBTU ). The average wholesale price in the Asian region was also around 20 per cent higher than the average Australian wholesale price. The IGU survey again showed the highest wholesale gas prices in the world were found in the main LNG importing nations of Chinese Taipei, South Korea, Japan and Singapore – at between $US8-9/MMBTU. Australia’s other major gas export market, China had the fifth highest prices in the survey.

G7 Summit kicks off in Cornwall

The 47th G7 Summit is now underway in Carbis Bay, Cornwall, marking the launch of a three-day event with world leaders from the United States, United.

Australia s natural gas answer to Climate Summit goals

Opinion piece by APPEA Chief Executive Andrew McConville Imagine a world with no warmth for clean cooking and heating, no sustainable fuel for power stations to provide electricity and drive our machinery as our energy mix changes, no glass, no clothing, no mobile phones, no steel, no concrete, no computers, no paints or plastics and much more. This would be a world without the oil and gas industry, it is a simple fact vested interests choose to ignore time and time again. But facts never get in the way of a good story for some people. For example, you can provide facts such as natural gas is abundant and versatile and is the cleanest-burning hydrocarbon, able to partner with renewable energy sources but critics won’t listen. They don’t want to listen.

SA cooking with gas

Date Time SA cooking with gas Australia’s peak oil and gas industry representative body today said the deal between the Morrison and Marshall Governments to secure South Australia’s energy supply shows the importance of gas working with renewables. “This $1.08 billion deal shows how Natural gas is at the forefront of reducing emissions and energy security,” said APPEA Chief Executive Andrew McConville. “Natural gas plays an important role in balancing renewable energy, ramping up and down to match supply and demand. “Gas is affordable, reliable and good for good for the environment.” APPEA’s South Australian Director Claire Wilkinson said gas is already playing an increasingly important role in South Australia to balance intermittent renewable electricity.

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