Australia Pacific LNG W arw ick King, CEO Australian Dom estic Gas Outlook 2 0 1 8 Strategies for Unlocking New Supply Wednesday 28 February 2018
Australia Pacific LNG A$35 billion capital • investment to date ~ $3 billion in 2018 • World class resource • One of the largest east • coast gas suppliers Supplies around 30 per • cent of Australia’s south eastern domestic gas market in 2018 LNG exports • New resource plays • 2 | Australia Pacific LNG - ADGO 2018
Strategies for unlocking new supply Access to resources Policy settings Technology development Social licence to operate 3 | Australia Pacific LNG - ADGO 2018
Access to resources Access to resources not • uniform across Australia Focus on maximizing existing • development Current bans present • challenges for new supply New resources developed • near to demand centers will deliver supply at lowest cost 4 | Australia Pacific LNG - ADGO 2018
Getting the policy settings right Create the right regulatory and • fiscal environment Allow free market to operate • Stable policy encourages resource • development Queensland a leader in bipartisan • support for gas industry development Long-term certainty for investment • decisions 5 | Australia Pacific LNG - ADGO 2018
I nnovation and technology developm ent Maximising returns from • existing fields Continual improvement • Targeted and controlled • drilling technology trials Assessing new well head • designs Reviewing compression • technology 6 | Australia Pacific LNG - ADGO 2018
Social licence to operate Essential part of day-to- • day business Working closely with • local communities Sitting down with • landholders to co-design developments Listen and be willing to • be part of the community Community investment • $43 million 7 | Australia Pacific LNG - ADGO 2018
I n conclusion Clear policy and bi-partisan • support Innovation and technology • trials Engaging with and listening • to landholders and community Access to resources is • critical 8 | Australia Pacific LNG - ADGO 2018
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