March 26 (LNGJ) - The 11th edition of the Australian Domestic Gas Outlook (ADGO) conference was taking place in Sydney and heard concerns expressed about the poor regulatory performance and long delays imposed on natural gas and LNG projects. One of the first speeches at the two-day conference was given by ExxonMobil Australia's Commercial Director David Berman. Exxon operates the Gippsland Basin joint venture, the biggest single gas supplier to Australia’s southern states such as New South Wales, Victoria, Tasmania and South Australia.
“Without investment, ExxonMobil Australia estimates that by 2030 domestic gas supply available to southern states will decrease by 44 percent,” Berman told the conference. “Chasing sizably lower domestic gas prices requires significantly shorter regulatory timelines because one third of the gas that will be required by consumers on the East Coast between 2025 and 2030 is not in production,” he warned.
