Australia's Gas Code has become effective, with APPEALtd urging that the government should now focus on new supply energy LNG investment development
PERTH – Australian oil and gas producers have called on the federal government to focus on new supply as the mandatory Gas Code of Conduct comes into effect.
Bowen said that the final Code follows extensive consultation with gas producers and users to ensure it is fit for purpose. The Australian Petroleum Production and Exploration Association said the Code put the government at the centre of the gas market, determining the conditions for new supply through bilaterally negotiated agreements with gas producers.said the government must now focus on ensuring new gas supply to address looming structural shortfalls.
“After more than 6 months of uncertainty as the Code was developed, investment in new gas supply is now urgently needed to avoid shortages that will add to energy security concerns and cost of living pressures for Australian households and business,” she said.
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