PEP-11 Media Release, page-70

21. Australia’s primary energy consumption is dominated by coal (around 40%), oil (34%) and

gas (22%). Coal accounts for 75% of Australia’s electricity generation, followed by gas

(16%), hydro (5%) and wind around (2%). Source: Australian Government GeoScience

website.

22. Traditionally, all natural gas used in New South Wales has been piped in from South

Australia and the Bass Strait. However, studies by the Australian Bureau of Agricultural

and Resource Economics (ABARE) and the Australian Petroleum Production and

Exploration Association (APPEA) state that those sources may not be able to meet the

demand for gas in the medium to longer term.

23. BPH Energy has stated that the gas in PEP-11 if discovered will be only sold for the East

Coast of Australia “local” supply.

24. The Liquified Natural Gas (LNG) Netback Price Chart (see link below for chart which was

updated on 16 August 2022) displays historial and forward LNG netback prices. Insert

quote/data as to how much gas needs to be $/GJ in order for manufacturers to stay

afloat. This level of price is unsustainable and Australian businesses will go under.

25. LNG Netback Price Chart as at 16 August 2022, next up date 1 September 2022:

https://www.accc.gov.au/regulated-infrastructure/energy/gas-inquiry-2017-2025/lng-netbackprice-

series

26. An energy crisis is real for all Australians whether that be business or otherwise. There is

no transitional plan to replace coal. Australian’s, particularly the 19-39 years old

demographic, want a reduction in the usage of coal due to its effects on climate change

with this group much more active than previous generations siting carbon capture

storage, wind, solar, hydro, tidal and battery storage as its priorities.

27. Advent Energy have said that the solution to Australia’s increasing gas shortage is PEP-11.

It will help Australia achieve net zero carbon emissions with leading carbon capture

storage technology.

28. In May 2021, Advent Energy announced Professor Peter J Cook, an Australian expert on

carbon capture and storage had joined the team to develop PEP-11 as an advisor on the

geosequestration – in lay terms, the geological storage of carbon dioxide.