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23. What are the major barriers and opportunities for new supply? How can the Australian
Government prioritise, mitigate or manage these?

• A significant barrier to new gas supply is the increasing politicisation of approval processes.
• Advent Energy’s application to extend the term of PEP-11 was a clear case in point. Elected
politicians worked with environmental activists to seek to influence decision-making
ministers in an overt and contrived manner.
• It is important that we have a public discussion about resource development that is
grounded in fact. False and exaggerated claims do nothing to inform the sometimes difficult
and often complex issues that regulators must consider.
• Advent Energy’s successful Federal Court challenge to overturn the decision by former Prime
Minister Scott Morrison to appoint himself as resources minister and then use his powers to
refuse to extend PEP-11 highlighted the fraught and often irrational nature of the energy
policy making in this country.
• The court’s decision to quash that decision has paved the way for the permit to go back to
the federal and NSW governments for fresh review. It is our understanding the matter is now
with Joint Authority ministers for decision.
• It is to be hoped that ministers don’t again put politics before due process in deciding the
status of a permit that could see substantial new gas supply available to the Australian
domestic market.
• The importance of PEP-11 to delivering potential new gas supply to NSW was again
highlighted last week when Santos said it would delay final investment decision on its
Narrabri gas Project until 202512.