OIL SEARCH LIMITED GAS SUPPLY TO EASTERN AND SOUTHERN AUSTRALIA A Generational Opportunity
Gas Supply to Eastern Australia The New Context: a pivotal time for customers and suppliers the next 10-20 year supply battle now under way implications for pricing and volume usage Multiple supply : competitive price : growth built…
Gas Supply to Eastern Australia A Changed Market Landscape PNG major volume supplier Timor Sea divisions on development and fiscals issues new discoveries and volume potential in: - Victoria - Otway - CSM traditional supply…
Gas Supply from PNG Project has had a number of reincarnations. Now has: cohesive Joint Venture supply agreements, guaranteeing reserve dedication strongly committed Operator agreed fiscal terms, giving investment certainty pipeline…
PNG Supply to Australia Project focus delivery of gas sales agreements competitive terms being offered for supply to southern states and Queensland clear customer demand through de-contracting 2005-2006 pricing incentive for supply…
PNG Supply to Australia Strategic Focus Gas sale agreement with AGL - major strategic importance - significantly expanded market - ensures major new interconnected pipeline network and transportation framework Townsville Power…
Eastern Australian Gas Supply with PNG 1400 1200 1000 Gas (PJ) 800 600 400 200 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2019 2017 2018 2020 Gippsland…
PNG Supply to Australia Pipeline project targeting 150PJ to 200PJ of new or replacement markets Queensland usage presently 100PJ/year Primary customers: - electricity generation, where competitive - resource projects - contract…
PNG Gas Economic Impact ACIL and ECONOTECH Studies Project massively positive for Queensland and Australia Annual gain in consumer welfare in Australia of 85 million or 0.03% nationally Comparable to the impact of reduction in car…
PNG Gas The Economic Impacts Australian natural gas sales estimated to increase 6% results in lower energy prices which reduce production costs across Queensland basic non-ferrous metal manufacture boosted by 18% in N and NW Queensland…
PNG Gas The Economic Impacts Impacts during construction: increase in gross economic output of 1500million, of which 1280million in Queensland net additions to regional income of over 300million in wages, profits, etc. net…
PNG Gas The Economic Impacts Impacts during operations: increase in gross economic output of 1620 million per year, of which 1220 million in Queensland net addition to regional income of more than 350 million per year over 575…
Economic Impacts During On-going Operations 800 Brisbane-Moreton 700 Wide Bay Southern Qld 600 Central West Qld million: FTE Jobs 500 Northern Qld Western Qld 400 Rest of Australia 300 200 100 0 Gross Output…
PNG Gas The Economic Impacts Commonwealth receipts expected to rise 113 million per year (increase company, personal taxes) Queensland State Government receipts expected to increase between 9 million and 19 million per year - increase…
PNG Gas The Environmental Benefits PNG Project has major impact on deliverability of Queensland Government Cleaner Energy Policy (13% Gas Scheme) Reduce emissions of CO2 by an average 0.9 million tonnes
PNG Gas The Socio Economic Benefits Wide range of social and economic benefits right across Queensland benefits to traditional owners improved land and water access, with employment opportunities reduced energy costs to mining…
PNG Supply to Australia Massively positive to Australia and Queensland a pipeline project from PNG introduces a major new competitive source of gas supply to Queensland and eastern Australia PNG will bring a suite of new gas…
PNG Supply to Australia A major pipeline project is: - complicated - capital intensive - requires material base load for viability The relative benefits to Queensland and Australia are overwhelming across the spectrum Markets are…
PNG Supply to Australia Massively positive to Australia and Queensland a new major gas supply is needed no other source able to meet major demand or growth potential gas prices will rise materially without PNG supplies no PNG will…
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