EXPORT CONTROLS – AUSTRALIA

Santos export fears overdone, says Citigroup

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 21-Jun-17

Shares in Santos closed two per cent lower at $A2.98 on 20 June 2017, after the Federal Government committed to implementing the Australian Domestic Gas Security Mechanism. However, Citigroup believes that LNG export controls may have less near-term impact on Santos and its Gladstone LNG venture than has been forecast. Citigroup also suggests that the ADGSM may also prompt Santos and its partners in the project to develop new gas fields instead of sourcing gas from third parties.

CORPORATES
SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, CITIGROUP PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, MACQUARIE RESEARCH EQUITIES, CREDIT SUISSE (AUSTRALIA) LIMITED

Lobby urges tighter curbs on LNG exports

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Original article by Matt Chambers
The Australian – Page: 20 : 15-Jun-17

Manufacturing Australia has warned that the Federal Government’s proposed LNG export controls are unlikely to have much impact on gas prices on the east coast. Its submission to the Government has backed the Australian Domestic Gas Security Mechanism, but it argues that the resources minister should be given greater power to intervene in the gas market. Meanwhile, Fereidun Fesharaki of FGE has forecast a sharp fall in the price of crude oil, which will in turn impact on LNG producers given than the LNG price is linked to the oil price.

CORPORATES
MANUFACTURING AUSTRALIA LIMITED, FACTS GLOBAL ENERGY GROUP OF COMPANIES, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BLUESCOPE STEEL LIMITED – ASX BSL, BORAL LIMITED – ASX BLD, INCITEC PIVOT LIMITED – ASX IPL, CSR LIMITED – ASX CSR, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD

Prices to ignite gas export controls

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Original article by Matt Chambers
The Australian – Page: 19 & 32 : 9-Jun-17

Federal Resources Minister Matthew Canavan will brief the gas industry on the draft rules for the Australian Domestic Gas Security Mechanism on 9 June 2017. The draft rules show that the ADGSM will give Canavan and any future resources minister the power to restrict LNG exports if there is a domestic supply shortfall. Macquarie Group has criticised the limited detail in the draft rules, particularly with regard to how the gas price will be determined for the purposes of imposing export controls.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, MACQUARIE GROUP LIMITED – ASX MQG, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, ROYAL DUTCH SHELL PLC, QUEENSLAND CURTIS LNG PTY LTD, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TOTAL SA, PETRONAS GAS BHD, KOREA GAS CORPORATION

Export rules will hit investment: Barnett

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Original article by Paul Garvey
The Australian – Page: 20 : 4-May-17

Former Western Australian premier Colin Barnett has questioned the merits of the Federal Government’s plans to impose LNG export controls. He warns that the policy will do little to address the energy crisis on the nation’s east coast. Barnett argues that it will instead harm Australia’s international reputation and increase sovereign risk, which will in turn impact on future investment in Australia.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF WESTERN AUSTRALIA, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, AUSTRALIAN LABOR PARTY, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

States lock away 200 years of gas supply: business

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Original article by Sarah Martin, Anthony Klan
The Australian – Page: 1 & 4 : 28-Apr-17

The Australian Petroleum Production & Exploration Association says the Federal Government’s move to impose LNG export controls could increase the nation’s sovereign risk and discourage investment in exploration and production. APPEA and Resources Minister Matt Canavan have criticised state governments for restrictions on gas exploration, and APPEA estimates that there are sufficient untapped gas reserves in Victoria and New South Wales to meet demand for gas on the east coast for about 200 years.

CORPORATES
AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, SANTOS LIMITED – ASX STO, COUNCIL OF AUSTRALIAN GOVERNMENTS

PM orders gas giants: Aussies first

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Original article by Sarah Martin
The Australian – Page: 1 & 4 : 27-Apr-17

The Federal Government will introduce an "Australian Domestic Gas Security Mechanism", which is aimed at ensuring that domestic gas supply is sufficient to meet forecast demand. Resources Minister Matt Canavan will be given the power to block gas exports to ensure that gas users on the east coast have access to sufficient gas. Prime Minister Malcolm Turnbull says the government aims to ensure that the domestic price of gas is affordable and reflects global export prices.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, COCONUT AIRLINES, ROYAL DUTCH SHELL PLC, GLADSTONE LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, QUEENSLAND CURTIS LNG PTY LTD, AGL ENERGY LIMITED – ASX AGL