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Next waves: Gas

Growth strategies for Australia

How lucky can we get?

 
[1:19 mins]

The good news is that Australia has vast reserves of conventional and unconventional gas. Even better, there is some $200 billion worth of shiny new infrastructure under construction and due to come online by 2017, just as global demand is booming. And global demand for gas could potentially expand further. For all these reasons, gas sits high on our list in terms of global growth potential and Australian advantage.

Positioning for prosperity?

Ensuring that Australia realises the full potential of gas will revolve around our ability to intervene to improve productivity, enhance infrastructure and make our regulatory environment more attractive to investors and operators. Australia should start by controlling what it can, which primarily means taxes and regulations. With that in mind, some issues to consider are:

  • Is there room to streamline visa requirements for gas sector workers?
  • Could we review regulatory and approval frameworks to reduce unnecessary duplication and obstacles?
  • Can we set firm policies on taxation, climate change and carbon trading?
  • Could the development of unconventional gas sources be better supported, and can this new industry do more to reassure concerned communities and authorities?
  • Is there scope to lower costs through greater collaboration, better sharing of infrastructure including pipelines and ports, and improved planning across all areas of the resources value chain?

Talk to our experts

Mike Lynn, National Leader, Oil and Gas Mike Lynn
National Leader, Oil and Gas
Tel: +61 8 9365 7125
Email

 

Related insights

  • The economic impacts of a domestic gas reservation
    This report, prepared for APPEA, examines the potential economic impacts of a domestic gas reservation policy.
    Deloitte Access Economics report, October 2013 | 32 pages
  • Australian Upstream Independents League Table Q2 2013
    Quarterly report on rankings of the top 25 listed Australian Upstream Independents including market analysis, industry factors and trends.
    Quarterly series | 4 pages

Deep dive

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Download the 'Positioning for prosperity? Catching the next wave' infographic

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[03:20 mins]

 

 

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