Mega gas projects in focus at APPEA 2015

Shadow Minister for Resources Gary Gray AO.

Shadow Minister for Resources Gary Gray AO.

Day 3 of the APPEA 2015 Conference has seen a focus on the mega gas projects currently in transition, with a focus on the need to maintain investment opportunities.

Shadow Minister for Resources Gary Gray AO outlined the $A1 billion in state revenues ahead for Queensland on the back of the CSG sector.

Mr Gray also voiced his strong support for the industry body, highlighting the need for increased supplies to lower prices.

Chevron Australia Managing Director Roy Krzywosinski warned industry that it is at risk of losing future investment in LNG, in light of a decline in competitiveness.

Mr Krzywosinski said that while a second wave of investment in Australian LNG has been taken for granted, increasing competition from other exporters threatens any further development.

Accenture Australia and APAC Energy Lead Managing Director Bernadette Cullinane said that there is $A80 billion worth of value to be captured.

Ms Cullinane added that by 2020, approximately 15,000 km of pipeline is expected to be built in Australia.

WorleyParsons Chief Executive Officer Andrew Wood concluded the morning’s session commenting that resourcing mega-projects as they move into operations won’t be a concern.

Mr Wood commented that as projects move into operations there will be a greater need for improved collaboration.

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