none

SOUTH AUSTRALIA STILL GAS FRIENDLY

12-12-2017
by 
in 

South Australia has rated in the world’s top three places to explore for oil and gas in a newly released global survey by the Fraser Institute in Canada.

The respected public policy think tank asks petroleum industry executives each year for their views about barriers to investment in jurisdictions around the world and compiles the results into a policy perception index.

The 2017 survey of 333 respondents rated South Australia as the third-most attractive place for petroleum investment out of 39 jurisdictions with small reserves, behind only Kansas and Saskatchewan.

By contrast, Victoria and the Northern Territory ranked second-last and third-last respectively. Western Australia ranked 18th, while Queensland was well down the order in 29th position.

South Australia’s strong showing also contrasted with deteriorating views about investment in Australia’s offshore areas, which are under Commonwealth control. Offshore Australia ranked 38 out of 97 jurisdictions, compared to 26 last year.

CEO of Adelaide-based advisory firm EnergyQuest, Dr Graeme Bethune, said the results were a big endorsement of the state’s energy policies and regulatory regime.

“South Australia and Queensland are the only states now without bans or moratoria of some kind of gas exploration and development. This survey shows that international companies take notice and it shapes their ideas about where to invest.”

“South Australia stands even higher than Queensland in the survey because of its first-rate regulatory regime and support for investment, which has included this year’s PACE Gas initiative.”

Related news & editorials

  1. When PMFV is applied through two stage technology models it can provide up to 50% increased efficiency over conventional compressor types.
    24.02.2021
    24.02.2021
    by      In , In
    The restrictions that COVID-19 placed on us from 2020,  is a wake up call on export and import reliance for many industries. 
    We can continue as we were and hope for a slow progress to recovery or learn some important lessons in adaptability to the current and future business environment with... Read More
  2. Scott Philbrook, ANZ Managing Director, RS Components
    24.02.2021
    24.02.2021
    by      In , In , In
    Covid-19 seriously disrupted supply chains throughout industry worldwide. Scott Philbrook, Managing Director RS Components Australia, explains today’s necessity for supply chain resilience and continuity.
    The Institute of Supply Management reported that in March, at the start of the pandemic, 75%... Read More
  3. Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    23.02.2021
    23.02.2021
    by      In , In
    Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    The program aims to boost manufacturing and grow jobs, with businesses in the burgeoning space sector the first to be eligible to apply for grants, to help them commercialise ideas or processes, or... Read More
  4. Holloway Group Managing Director Matt Holloway sees 2021 as the perfect time to embrace the opportunities and benefits presented by manufacturing in Australia.
    23.02.2021
    23.02.2021
    by      In , In
    As the economy recovers from an unprecedented 2020, there is a renewed focus from government and industry to bolster the local manufacturing sector through both innovation and onshoring production.
    At its height, Australian manufacturing accounted for roughly 25 per cent of Australia’s Gross... Read More
Products
Suppliers