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. 20.09.2018
    20.09.2018
    by      In
    Control Logic has set its sights on expansion, with a new leadership team incorporating key roles in products and marketing, sales and development, and operations and services. The move aims to increase the company’s skill set and focus to drive innovation and expand the company’s expertise and... Read More
  2. 19.09.2018
    19.09.2018
    by      In
    The Australian Made Campaign is providing some valuable support for the nation’s furniture manufacturers with its latest initiative, which urges local buyers to ‘take comfort in their purchase’ and choose genuine Aussie furniture, bedding and furnishings this spring.
    According to Australian Made... Read More
  3. 12.09.2018
    12.09.2018
    by      In
    Siemens has unveiled its new manufacturing facility in Yatala (Queensland), which has been set up to support the growing global demand for the locally developed Fusesaver medium-voltage circuit breaker.
    The new factory is part of an ongoing $25 million investment in manufacturing and research of... Read More
  4. 11.09.2018
    11.09.2018
    by      In
    APS Industrial has relocated its Melbourne base into an all-new 4500m2 head office and national distribution centre in Rowville. The new facility includes an interactive product showcase room and state of the art conference facility.
    According to APS Industrial MD David Hegarty, “Since our launch... Read More