Australia’s LNG Industry Warns Policy Uncertainty Is Hurting Investment
U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Australia’s energy producers are calling for state and federal support in faster approvals of new projects and fiscal stability.
These could help the world’s third-biggest LNG exporter grow its overseas markets amid the expected years-long turmoil in the global gas market in the wake of the Iran war.
Producers want long-term predictability in taxation, as well as faster permitting processes and environmental reviews from the state and federal governments.
As a whole, the industry seeks clarity and certainty that would incentivize producers to invest in new supply to meet growing demand for gas in Australia and the region, which Australia is ideally positioned to serve—Asia’s growing gas and LNG markets.
The current global LNG crisis, created by the loss of Qatar’s LNG supply due to the closed Strait of Hormuz and Iranian missile attacks on Qatari LNG infrastructure, is an opportunity for Australia to bolster its position as a reliable supplier, industry executives said at the Australian Energy Producers’ annual Conference and Exhibition this week.
“For Australia, the crisis has underscored the enormous advantage of having a strong domestic gas and LNG industry,” Cecile Wake, Chair of the Australian Energy Producers association,saidin an address to conference attendees.
“Australia’s national interest is best served when we have a well-supplied, affordable and efficient domestic gas market AND a thriving LNG export industry,” Wake said, noting that increasing new supply is the key to achieving both objectives.
While there has been some progress at the state and federal level in advancing projects in recent months, more needs to be done by governments to support investment in new oil and gas supply, the Australian energy executives say.
Related: Oil Prices Rise as Iran Tempers U.S.
Deal Hopes At the end of April, the state of New South Waleslaunchedthe first natural gas exploration tender in ten years amid a supply crunch caused by the war in the Middle East.
The federal government has also justruled out controls on exportsof natural gas during the third quarter of 2026, as industry and experts have assured the government that the most vulnerable East Coast will not see any supply shortages between the winter months of July and September.
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