ipl-logo

National Energy Outlook Report

1429 Words6 Pages

National Energy Outlook Report on Gas Sector of Australia Introduction Over the past 10 years many changes has taken place in the oil and gas sector of Australia. Some of the changes were of crucial nature that has significant impacts on the economy of a country. Before that period the basis objective of government was to promote free trade of oil and gas related products. The upstream gas competition was being encouraged in different states of the country with the view to provide additional incentives to the sector and consumers. Single delivery chain was being encouraged in almost all the states of country and it was considered to be the most typical sort of arrangement that involved less complexities. Single intrastate pipeline was established …show more content…

The typical case does not exist in the present era due to increased competition and demand from customers. Range of competing basins is involved in the entire process of gas flow. Natural gas itself always competes with coal seam methane. A pipeline grid is connecting Australia with basins. Along with third oil shock that has taken place few years back gas issues are also being faced and the major reason behind this is that gas has emerged as internationally traded item that is priced with the help of many internal and external factors being faced by the country. Domestic gas reservation policy was about 15% in case of Western Australian Government that has imposed limitations on the gas supply so that the resources may remain able to be there for future generations too. There are many market related factors that interrupt regulation of gas sector to a larger extent. Due to the impact of market on intervention …show more content…

Energy Networks Association of Australia has raised the point that gas can be used as a transportation fuel that is quite cheaper in nature as compared to other sorts of fuels that are mainly imported to the country at very high prices. On the one hand this trend is benefitting consumers by providing them with cheaper alternative to imported fuels but is also expected to hurt the economy by making gas reserves deplete and increasing the possibility of gas availability for future generations, Any sort of natural resource depletion is risky for the economy in general and more risky for future generations in particular because of the fact that future generations will not remain able to take advantage of that particular resource. So it is important to conserve the natural resources seriously so that they may remain available to generations to come. Gas cooling is also given much importance by the state and many steps has been taken in this regard to improve the situation

Show More
Related

The Stock Market In The 1920's

921 Words | 4 Pages

That’s why for the first time since 2003, oil has fallen below $30 a barrel. It affects all the gas companies such as Mobil and Chevron since they cannot profit off of selling oil to consumers. Therefore, it is very important to concern oneself with the global

Read More

The Pros And Cons Of US Energy Policy

793 Words | 4 Pages

U.S. energy policy is a patchwork of disconnected policies constructed for definite constituencies with no meaningful goal. The U.S. has need for fossil fuels, need for nuclear power, need for wind and solar, and subsidies for insulating and retrofitting buildings. The U.S. also have energy requirements for some instruments and fuel for automobiles. The question that is never asked and answered in the policy debate is this: What is the U.S. ultimate goal and when should the U.S. achieve it goal for energy? Here is main lines of thinking concerning the U.S. energy goals:

Read More

Brent Price Influence On Natural Gas Industry

1243 Words | 5 Pages

Brent price Prices of crude oil have their influences on natural gas industry. Brent crude oil comes from North Sea and is a crucial part of oil industry as 2/3 of internationally trade crude oil supplies use Brent as benchmark. Marketed production and Consumption Its influences on the market price were highlighted in previous sections; therefore it is important to include them to the analysis. What turns out to be an interesting data to observe is their ratio Production/Consumption.

Read More

Policy Proposals For The Energy Policy Act Of 2015

2115 Words | 9 Pages

At these lower prices, some domestic producers cannot maintain profitable operations. While low oil prices are beneficial for all citizens and the transportation industry, they

Read More

Energy Sector-Specific Plan Essay

491 Words | 2 Pages

Since the energy sector is uniquely critical, securing it and ensuring resiliency is an important aspect of homeland defense. The Energy Sector-Specific Plan (SSP) is closely aligned with the National Infrastructure Protection Plan (NIPP) which establishes goals for the energy sector. The goals are aimed at keeping the sector ahead of new threats and challenges. Some of the key tasks include strengthening resiliency of supply chains, enhancing cyber and physical security, and addressing the risks presented by aging infrastructure and workforce (“Energy Sector”, 2015). When considering budget goals for the year ahead, these goals should be taken into consideration along with the goals associated with maintaining and securing the power grid.

Read More

Coal Seam Gas Mining Essay

1231 Words | 5 Pages

Coal seam gas is a by-product of coal. It is a non-renewable energy resource. The pureness of this gas has attracted a lot of commercial interest. In light of this, one of the most significant issues that Australia is facing today is the development of a responsive and balanced regulatory framework. Mining companies must evaluate the economic, environmental and social issues that comes with this progression (Hepburn, 2012).

Read More

The Pros And Cons Of Nuclear Power

1029 Words | 5 Pages

Many are being replaced in large part by natural gas. Though cleaner than coal, natural gas still generates unacceptably large amounts of carbon pollution, especially when the leakage of natural gas from pipelines and other infrastructure is considered. To the extent that a nuclear plant’s output is replaced by electricity from natural gas, the resulting emissions setback national efforts to achieve needed emissions

Read More

Opec Essay

848 Words | 4 Pages

It produces about thirty-eight percent of the world’s total production. The United States produces about eleven percent. In the past few years the demand and price of gas and oil has gone up and down. Recently, it has had drastic changes. Cheaper oil didn’t turn out to be the answer to economic growth.

Read More

The Pros And Cons Of Climate Change

442 Words | 2 Pages

In order to improve the disadvantage and allay the fears that the leaders have on economic concerns as a result of the Climate Change Policy, the government can do more in finding alternative energy sources that will not depend on the fossil fuels. Fossil fuel emission is the leading source of carbon emissions; if alternatives green sources are developed there will be less reliance on this form of energy (EPA, 2014). 2. Reference List (utilizing full APA citations) 350.org (2016). New Paris climate agreement ratifications reaffirm necessity to divest and break free from fossil fuels.

Read More

The Negative Impact Of The Coal Industry In Canada

1561 Words | 7 Pages

Not only will there be detrimental effects on communities, but closing Alberta’s coal mines will cost the province billions of dollars, even more will be spent after that on developing a more “natural method” of producing electricity. Natural gas will cause just as much if not more harm to the environment than coal. This change will cause more harm than good.

Read More

Australia's Coal Industry Research Paper

691 Words | 3 Pages

Coal is a huge natural resource in Australia, quite frankly just because they have so much of it. ¨As a matter of fact, coal accounted for almost 13% of Australia's total goods and services exports in 2012-13, down from 15% in 2011-12.¨ (Minerals.org, Australia's coal industry). As a matter of fact, most of Australia’s coal is exported to Asia. “Coal is Australia’s fuel of choice for electricity because it’s affordable and reliable.” (Minerals.org, Australia’s coal industry).

Read More

The Pros And Cons Of Implementing A Carbon Tax

2125 Words | 9 Pages

In an effort to stimulate reductions in greenhouse gas emission, the government’s policy is centered on pricing

Read More

The United States Oil And Gas Report

565 Words | 3 Pages

The oil industry is one of the most needed resource in today’s society. The United States Oil and Gas Report states that “3 percent of the world’s gas is located in the United States. It produces around 20 percent and consumes 26 percent” (United States, 2014). Many rely on the oil in order to function everyday. There are not many people trying to find ways to deter people away from oil and gas causing the oil industry have a competitive advantage.

Read More

Greenhouse Gas Argument Essay

537 Words | 3 Pages

A crucial issue concerning our environment that we are going to talk about today is the emission of excess carbon due to our reliance on oil, gas and coal. Fossil fuels have been society’s primary resource since the beginning of the industrialised world, fueling not only countless technological advancements but society. Originally, these fuels were an amazing discovery as they were very cheap and available, and while they still are, society has recently discovered the horrific environmental implications of our over-reliance on oil, gas and coal. The deep drilling, mining, extraction of fuel using complex chemicals and fracturing of the earth has an unsuspected, yet the enormous cost to our planet. These operations further develop and increase greenhouse gas

Read More

What Are The Four Primary Energy Sources In The United States?

1729 Words | 7 Pages

Like all fossil fuels, its combustion emits carbon dioxide, but at about half the rate of coal. Global consumption of natural gas in 2006 was 104 trillion cubic feet. Known world reserves of conventional natural gas total about 6,000 trillion cubic feet with perhaps another one-tenth of that amount still undiscovered. At that rate, known reserves will be adequate for nearly 60 years. Natural gas shales, a potentially enormous unconventional source of this fossil fuel, could dramatically change this picture.

Read More

More about National Energy Outlook Report

Open Document