australian domestic gas faces reality of rising costs

摘要

Australia, the world’s leading LNG producer by nameplate capacity, is preparing to become an LNG importer as key domestic natural gas markets on its east coast face falling local supply, and as geology, distance and cost look set to stymie federal government plans to deliver an internal supply solution. Canberra launched a gas-led economic plan last year to help the economy recover from the impacts of the Covid-19 pandemic. Central to this are taxpayer- funded incentives to stimulate more gas supplies to bring down local prices. But Australian producers speaking this month at the Australia Domestic Gas Outlook (Adgo) 2021 conference in Sydney presented a common message — developing new Australian gas felds will only become more expensive.