It's taken a while but Australia's liquefied natural gas (LNG) industr...
BRISBANE - It’s taken a while but Australia’s liquefied natural gas industry is putting on the gloves and stepping into the ring against the activists who want to condemn it and all fossil fuels to history’s dustbin.
Australia’s LNG industry is now the largest in the world by capacity, having overtaken Qatar as the last of eight new projects prepares to start up, taking the country’s annual export capacity to more than 80 million tonnes of the super-chilled fuel. While it’s way too simplistic to conclude that the LNG plants were behind the price rise, the industry has struggled to communicate that it was a range of factors, including the depletion of traditional gas supplies, policy confusion and the restriction of exploration in some states that combined to cause the current price crisis.
APPEA chairman Zoe Yujnovich, who is also chairman of Royal Dutch Shell’s Australian business, said the industry has to be more proactive in fighting its corner. The industry will also want to lobby the federal and state governments to be more supportive of exploration, as it sees boosting supply as the surest way to lower costs for domestic consumers, and it is opposed to government intervention to reserve gas for local consumption.
A consistent theme was that natural gas should be viewed as the partner for renewables in power generation, given its ability to act as a peaking power generator and thus smooth out the intermittent nature of solar and wind power.
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