The commencement of the Strategic Energy Initiative (SEI) consultative phase marked by today’s release of the SEI Issues Paper represents an opportunity to work with the WA Government to develop the State’s energy vision for 2030 based on the goals of secure, reliable, competitive and cleaner energy outcomes.
The Australian Petroleum Production & Exploration Association (APPEA), WA Director Tom Baddeley said the oil and gas industry is critical to delivering reliable and clean energy for Western Australia and the Asia-Pacific.

“There is an abundance of gas in Commonwealth waters off WA – enough for both the domestic and export markets for many decades to come. In fact, there a number of projects at various stages of planning and development that could double the State’s gas supply capacity within the next six years and greatly increase supply diversity for customers,” said Mr Baddeley.

“We need to make sure the SEI delivers the policy settings that encourage further investment, attract new market entrants and deliver diversity of supply.

“It is important that the SEI is market-based and supports sustainable and efficient economic development.

“Some customers have exploited recent gas market tightness to argue for greater government intervention, including policy changes which would have the perverse effect of actually discouraging long-term investment in gas exploration and development. These customers should work with project developers to agree on long-term contracts that will assist new gas projects to proceed.

“We need to be very wary of subsidising uneconomic projects and justifying interventionist policy changes on the basis of unrealistic energy demand projections that are not supported by firm customer commitments.

“We also need to look at the whole of the energy supply chain and identify the barriers to investment, including capacity constraints on gas transmission pipelines,” Mr Baddeley said.

Source: http://www.appea.com.au/content/pdfs_docs_xls/NewsMedia/APPEAMediaReleases/091231_-_wa_sei_issues_paper.pdf

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