Business

Santos says manufacturers should get on board

MANUFACTURING companies could help ease the looming shortage of domestic gas by embracing early stage investment in gas projects, according to oil and gas major Santos.

Speaking at a gathering of plastic and chemical manufacturers, Santos' eastern Australia vice president Peter Cleary said more gas would be available now if the manufacturing industry had invested more in the sector over the past decade, Brisbane Times reports.

Mr Cleary applauded recent examples where manufacturers had invested in gas explorers' attempts to discover new supply, such as Orica's deal with Strike Energy, Alcoa's partnership with Empire and Buru, and Dow Chemical's arrangement with Lakes Oil in Victoria.

Domestic gas prices are expected to rise over the next five to 10 years because the looming increase in LNG exports will force Australian consumers to pay international standard prices.

Manufacturers, who consume large amounts of gas for energy and feedstock in some cases, are concerned that higher gas prices will further endanger their ability to operate profitably in Australia.

Santos is building the GLNG project on Curtis Island, Gladstone.

Read more at Brisbane Times

Topics:  gas glng manufacturing resources santos



WATCH: Passionate Holden fan talks about his pride and joy

END OF AN ERA: Greg Wakefield with his spectacular 1959 FC Holden Special. Like many he was upset that Holden has now gone from the Australian motoring landscape. Take a look back at Holden's history, see Motoring on pages 23-26.

Car cost $5000 to buy and $80,000 to do up

Man charged with supplying 'legally grown' cannabis

'LEGALLY GROWN': The man has been charged with possessing and attempting to supply dangerous drugs.

Man brings drugs into Gladstone for suffering friend.

TRAWLER TRAGEDY: Families join search for loved ones

Police boat heads out from Gladstone Marina on 20 October 2017, in search of 6 missing fisherman.

Some relatives of crewmen on Dianne have travelled across Australia.

Local Partners