Increased local gas supply and competitive tension positive for Australian businesses

by Vivid User | Jun 13, 2017
Government’s announced gas market intervention aimed at prioritising domestic supply. Surety of supply and increased competition amongst gas producers can benefit businesses. New supply sources welcomed given current pricing and reliability pressures.

Energy Action Limited (ASX:EAX) today advises that an anticipated increase in domestic gas supply, following the Federal Government’s move to restrict Australian gas exports, has the potential to increase competitive tension in the gas market with positive implications for Australian commercial gas users.

 

Energy Action’s Chief Executive Officer, Ivan Slavich, said: “the increase in the domestic gas supplies should lead to more positive outcomes for businesses over the coming years.

 

“Energy Action’s view is that any increase in supply and reliability for commercial gas users has the potential to assist businesses to manage operational risks associated with steeply rising gas prices and ongoing concern around future shortages.

 

“We expect that the introduction of new gas supply sources will also spark greater competitive tension in the Australian gas market.

 

“While it is too early to forecast the specific impact on local gas pricing, Energy Action will be closely monitoring the market’s response to the increase in the gas supply and the implications for energy procurement and management strategies for businesses,” Mr Slavich concluded. 

3 comments

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  1. Lyna Sandra | Sep 11, 2017
    Earlier Australia's gas export industry scattered while fulfilling local supply, The reason behind booming of natural gas export in Australia is that The whole project was built on over-inflated forecasts, assignment experts reports: as we all know that export gas prices are linked with prices of oil it means shedding of natural gas export affects oil's prices too......
  2. jenifer vanquez | Aug 26, 2017
    Your article is great; the increase in the domestic gas supplies should lead to more positive outcomes for businesses over the coming years. Any increase in supply and reliability for commercial gas users has the potential to assist businesses to manage operational risks .I expect that the introduction of new gas supply sources will also spark greater competitive tension. I hope your article will be useful to people.
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  3. Sharon Pennock | Aug 11, 2017

    That is quite informative content on your custom dissertations service website about the how to increase the local gas supply. That would be quite effective and powerful technique for the business development in Australian gas market. Hope the people who visit that website they get acknowledge and learn a lot.

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