STX (ASX) Support for domgas review

Originally posted by mrpog: ↑

Liberal Leader Libby Mettam calls for review of ban on export of onshore gasJosh ZimmermanThe West Australian11 January 2024 Liberal Leader Libby Mettam wants a review of the blanket ban on the export of onshore gas, suggesting there is bipartisan support for a major overhaul of WA’s flagship domestic energy policy. Amid increasingly dire warnings about imminent shortages of gas – which will be critical to replace coal in the State’s primary power grid – Ms Mettam said WA needed “policies to support investment in supply”. Her comments come after Premier Roger Cook late last year flagged he was considering lifting the prohibition on exporting gas extracted onshore. “Gas producers need overseas investment to develop our gas fields and without export opportunities those investment dollars dry up,” Ms Mettam said. “This has also been exacerbated by Federal and State Labor’s approvals process which has held up future projects with excessive red tape. “A mandated review of the policy, for example every five years, could be undertaken to ensure it is best serving the state’s needs. “The success of policies such as this lies in their ability to adapt to changing global and domestic conditions.” WA’s signature domestic gas reservation policy requires 15 per cent of all LNG produced offshore to be supplied to the local market. However, onshore projects – such as those under consideration in the Perth Basin – are not permitted to export at all. In submissions to an ongoing parliamentary inquiry examining the effectiveness of the reservation scheme, multiple major gas players – including Woodside and Mineral Resources – advocated for onshore developments to be permitted to also sell some of their product overseas. They argue export rights would improve the commercial viability of new projects currently under consideration, which are required to safeguard local supply. “The Liberal Party supports a review of the State’s onshore reservation policy to ensure it is working in WA’s best interests,” Ms Mettam said.“Our priority will always be ensuring there is adequate supply for our domestic market, however we also need policies to support investment in gas supply.” Shadow energy minister Steve Thomas said predicted shortfalls were a “problem of the Government’s own making” after the 2020 decision “to formalise what was already a standing practice to prevent onshore gas being exported”. “The McGowan Government was good at deluding itself that the energy system in this state was perfect until a number of reports came in dispelling this myth,” Dr Thomas said. “The (parliamentary inquiry) is likely to find that some export of onshore gas is needed to underwrite the business cases of new projects, but meeting the needs of domestic gas users is also critical.” In an end-of-year interview, Mr Cook said WA’s domestic gas settings were a “live issue” and he wanted to have a “conversation with industry” about potential changes – including lifting the onshore export ban. “What some (companies) are telling us is that in order to make sure that their facilities are commercial, they need early cash flows, which can be brought on by early exports to the international market where they enjoy a higher price,” the Premier said. “And so we need to obviously have a conversation with them about what those dynamics look like. “At the end of the day, the fundamental principle is it’s Western Australian gas so Western Australians should benefit from it. “But it’s no use having a domestic gas reservation policy if it means that domestic gas does not come to the market – and if that means that we have to continue to review that policy, we will.”

Expand

Thanks for sharing.

Good to hear it has bipartisan support from the Liberal leader.

No.	Vol.	Price($)
37	1634397	17.0¢

No.

Vol.

Price($)

1634397

17.0¢

Price($)	Vol.	No.
17.5¢	617607	7

Price($)

Vol.

No.

17.5¢

617607

No.	Vol.	Price($)
37	1634397	0.170
32	1709490	0.165
33	1221515	0.160
14	282459	0.155
24	445780	0.150

No.

Vol.

Price($)

1634397

0.170

1709490

0.165

1221515

0.160

282459

0.155

445780

0.150

Price($)	Vol.	No.
0.175	617607	7
0.180	706164	9
0.185	538030	7
0.190	1034216	12
0.195	733244	9

Price($)

Vol.

No.

0.175

617607

0.180

706164

0.185

538030

0.190

1034216

0.195

733244

(20min delay)
Last 17.5¢		Change -0.005(2.78%)		Mkt cap ! $501.4M

Open	High	Low	Value	Volume
18.0¢	18.0¢	17.0¢	$1.170M	6.732M

Support for domgas review, page-2

Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Auric banks $6.3M in August with processing on-target for 300K in 2024

MOVE Logistics picks new interim CEO to take over operations from early September

Emerald & Azure score Digger & Dealer awards

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Appliances and furnishings impress - will Harvey Norman be next?

Bitcoin: Current State of Play & Where to Next | Swyftx

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Support for domgas review, page-2

Top Stories

Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Auric banks $6.3M in August with processing on-target for 300K in 2024

MOVE Logistics picks new interim CEO to take over operations from early September

Emerald & Azure score Digger & Dealer awards

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Appliances and furnishings impress - will Harvey Norman be next?

Bitcoin: Current State of Play & Where to Next | Swyftx

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News