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APPEA welcomes the Turnbull Ministry

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LNG Industry,

The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the new Turnbull Ministry, which was introduced by the Australian Prime Minister, Malcolm Turnbull.

Malcolm Roberts, the Chief Executive of the APPEA, said: “APPEA looks forward to working with the Turnbull Ministry, in particular the Treasurer, the Hon. Scott Morrison, and the Minister for Resources and Energy, the Hon. Josh Frydenber […] With Australia poised to become the world’s leading LNG exporter, we have a tremendous opportunity to convert our natural gas resources into long-term prosperity. Gas is an essential energy source and feedstock for local manufacturing.

“The industry has invested AUS$200 billion to create this opportunity. The challenge for industry and governments now is to ensure that Australia stays competitive in the increasingly tough global market […] Reforms to lift productivity and cut regulatory costs are essential.

“The oil and gas industry acknowledges the outstanding contribution by the departing Minister for Industry, the Hon. Ian Macfarlane […] Since 2001, Mr Macfarlane has been a tireless, passionate champion of the resources sector in general and the gas industry in particular. He leaves office with an impressive record of achievement. The industry thanks him for his unstinting support.”

Edited from various sources by David Rowlands

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