The economic impacts of a domestic gas reservation
Deloitte Access Economics report
The introduction of market interventions such as a Domestic Gas Reservation policy on Australia’s east coast would come at significant cost to the nation’s economic welfare, including a projected cost of $6 billion in forgone Gross Domestic Product (GDP) by 2025.
This Deloitte Access Economics (DAE) report was commissioned by APPEA and released at the 2013 APPEA Onshore Gas Conference and Exhibition in Adelaide in October 2013.
The report finds:
- At a time when questions are being raised regarding the long-term outlook for the Australian economy and the sectors that will drive the nation’s next phase of growth, the economic opportunity presented by Australia’s vast gas reserves is a remarkable one
- The resulting economic benefits will be widespread. Not only are the industry’s economic linkages broader and deeper than commonly appreciated, but there are a variety of wider, welfare-enhancing economic spill-overs that emanate from the industry’s endeavours
- Within this context, the introduction of a Domestic Gas Reservation (DGR) policy on the east coast of Australia would come at a significant cost to the nation’s economic welfare.
|Read The economic impacts of a domestic gas reservation report.|