Ferguson backs tough decisions on New South Wales gas

摘要

Australian energy minister Martin Ferguson gave his backing in August for the"tough regulatory decisions" that need to be made to get development underway in the New South Wales coalseam gas industry. "We don't have a shortage of gas, our challenge is getting regulatory decisions to put gas into the market," Ferguson told an industry gathering in Sydney. According to Ferguson, the situation in eastern Australia is being complicated by the huge investment in coalseam gas-to-LNG projects approved over the past two years, which has accelerated the development of reserves in Queensland and peaked interest in the potential of neighboring New South Wales.