Supply & Demand

Limiting exports will not solve Aussie supply shortage – APPEA

The Australian federal government plans to limit gas exports if supplies to the country’s domestic market fall short will not solve the problem, APPEA has said.
By Staff reporter 15 May 2017 0 25907

The Australian federal government plans to limit gas exports if supplies to the country’s domestic market fall short will not solve the problem, the Australian Petroleum Production and Exploration Association (APPEA) has said, according to the Financial Review.

Malcolm Roberts, APPEA’s chief executive, was reported saying the problem in the east coast gas market is not only about supply but also about price.

"The prices that are quoted as indicative are unreliable because most supply agreements are bilateral and they’re confidential," Roberts said.

He said APPEA is still...