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Australia’s gas supply opportunity

There are several reasons why Asian buyers favour Australian gas. A stable political system has delivered security of supply. Economic and energy linkages underpin Australia’s alliances in Asia. Large reserves and geographic closeness are natural advantages.

Australia benefits from Asian buyers’ preference for diversity of supply. Even if alternative volumes are available from other suppliers such as Qatar or USA, customers prefer a diverse range of sources to manage supply chain risks.

Summary

Gas will be in demand in Asia for decades to come. Australia has choices to make. It can reap the rewards of meeting this rising demand by facilitating ongoing gas investment. Or it can harm its own economy and the economies of its Asian friends and partners by walking away from gas.

The Future Gas Strategy is a valuable opportunity to make the right choice for Australia’s future.