Department of Natural Resources and Mines perspective on gas resource development
David RynneDepartment of Natural Resources and Mines, Queensland Government.
The APPEA Journal 56(2) 566-566 https://doi.org/10.1071/AJ15072
Published: 2016
Abstract
The Queensland gas sector is undergoing significant transition with emerging opportunities and risks to the state. Australian east coast demand for gas will increase dramatically by 2020, driven primarily by LNG and domestic demand. On the downside, high exploration and development costs and low global oil prices are leading to a scarcity of development capital. Moreover, some domestic consumers remain concerned about gas affordability and availability.
To support the sector and remove barriers to increasing gas supply, the Queensland Government has undertaken extensive analysis and research into the factors that are constraining gas exploration and development—be that geological, technological, gas and pipeline market design, social licence, regulatory, skills, capital, or other. The analysis demonstrates that there are a range of constraints, and that governments at all levels have an important role to play.
This extended abstract summarises the key supply constraints that have been identified in a number of studies recently undertaken by the Department of Natural Resources and Mines.
David Rynne is the Chief Economist at the Department of Natural Resources and Mines (DNRM), Queensland Government. This department is an economic development agency that enables the productive and responsible use of the state’s natural resources—water, land, mineral, and energy. David and his team provide pro-active economic advice and public policy insight, as well as analysis on how to grow the resources sector in a sustainable economic, environmental, and social way. Prior to joining DNRM in November 2014, David was the chief economist and director of infrastructure and economics at the Queensland Resources Council—a position he held for six years. Previously, he was the director of economics and taxation at the Minerals Council of Australia for four years. David has also worked for the Australian Chamber of Commerce and Industry as a policy adviser, and the Federal Department of Employment, Workplace Relations and Small Business as an economist. David has under- and post-graduate degrees in economics and business. |
