Industry job losses prove gas-led recovery is failing: Report

Original article by Rod Myer
The New Daily – Page: Online : 25-May-21

The federal government is calling for a gas-led economic recovery, but the Australia Institute claims the gas industry has reduced staff during the recovery from the pandemic. The Institute states the gas industry only employs 42,000 people, and that the sector has shed 3,800 jobs since May 2020. Institute chief economist Richard Dennis claims that if the rest of the economy had declined at the same rate as the gas industry since then, total employment would have fallen by 1.3 million. However, Australian Petroleum Production and Exploration Association CEO Andrew McConville claims the gas industry currently contributes $62 billion to the economy and around 13 per cent of exports

CORPORATES
THE AUSTRALIA INSTITUTE LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

Cheap gas to power recovery

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 20-May-20

Ensuring that the east coast has access to affordable gas will be part of the federal government’s strategy to boost the economy in the wake of the pandemic. The National COVID-19 Co-ordination Commission is looking at a range of options for reducing the domestic price of gas; chairman Nev Power says these could include building a pipeline from Western Australia’s offshore gas fields to Moomba in South Australia. He adds that another option could be to relocate energy-intensive manufacturing to WA, where gas prices are lower due to a domestic gas reserve.

CORPORATES
AUSTRALIA. NATIONAL COVID-19 COORDINATION COMMISSION

Govt backs GST penalty for gas ban states

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 4-Oct-17

The Productivity Commission’s review of the system for distributing goods and services tax revenue is expected to recommend penalising states that fail to develop their gas reserves. The Commonwealth Grants Commission recently made a similar recommendation. Energy Minister Josh Frydenberg says it does not seem to be in Australia’s long-term interests for states that fail to develop gas reserves to be financially rewarded while states such as Western Australia are penalised.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, SHELL COMPANY OF AUSTRALIA LIMITED

PM orders gas giants: Aussies first

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

ABC in apology over gaffe on gas

Original article by Sid Maher
The Australian – Page: 19 : 7-Oct-14

The ABC recently repeated a claim made by the Australian Workers’ Union on a website, that all other gas-producing countries had a domestic gas supply reservation policy. This was disputed by the Australian Petroleum Production & Exploration Association lobby group, and CEO David Byers has now accepted a formal apology for the incorrect statement from the public broadcaster

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, RADIO NATIONAL

Ai Group seeks answers on industry tax

Original article by Joanna Mather
The Australian Financial Review – Page: 6 : 30-Sep-14

The Australian Industry Group (Ai) wants an examination of the petroleum resource rent tax. Peter Burn, of Ai, said that the group does not support a gas reservation policy, but it is concerned about the effect of rising gas prices on industry. He said that the Federal Government’s tax white paper should investigate whether the petroleum tax was effectively distributing the wealth from natural resources to the community

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, MANUFACTURING AUSTRALIA LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED