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DTSTART;TZID=Australia/Sydney:20230808T120000
DTEND;TZID=Australia/Sydney:20230808T143000
DTSTAMP:20260605T111752
CREATED:20230725T061259Z
LAST-MODIFIED:20230725T232218Z
UID:10008528-1691496000-1691505000@pesa.com.au
SUMMARY:PESA ACT/NSW August Technical Lunch
DESCRIPTION:Federal Government False Narrative About Cause of East Coast Gas Supply Shortage\, Gas Price Cap and Gas Reservation\nI have major concerns about the prevalence of misinformation spread by politicians\, leaders at the UN and the media. Evidence-based decision making has been replaced by emotional beliefs\, with politicians and senior bureaucrats spreading false information without being held accountable. The mainstream media prioritises sensational news over evidence-based reporting and avoids conducting in-depth research. The ABC and SBS\, two taxpayer-funded media outlets\, solely presenting one-sided and propagandistic reporting rather than a balanced\, evidence based narrative. \nThe reason for recent high natural gas prices and supply shortages in eastern Australia has falsely been blamed by Anthony Albanese and his Labor Government Ministers on the war in Ukraine. \nGas price increases began before the Russian invasion of Ukraine and the 2022 price spike was caused by local factors. The Federal Government then used the excuse that the gas shortage and higher prices were caused by the war in Ukraine to justify implementation of new legislation that enforced a gas price cap and domestic gas reservation. This presents as a socialist intervention. \nMisinformation is prevalent in politics\, the media and Government discussions about gas prices. Evidence-based facts are overlooked in favour of emotional narratives.\nThe increase in east coast gas prices can be attributed almost solely to a domestic gas supply shortage. That gas supply shortage has been caused by State Government energy policies.\nThe ACCC’s gas report reveals that domestic gas contract prices increased from late 2020 to mid-2021 and the supply outlook from 2022 onwards appears tight.\nThe 2022 Australian Energy Regulator “Gas Markets” report highlights a period of sustained high gas prices and tight supply in east coast gas markets. Factors such as depleting southern gas reserves\, overlapping electricity market dynamics and short-term spot exposure during the higher demand winter period contributed to the increase in gas demand and subsequently gas prices. \nThe blame for the gas supply shortage can be attributed to past and present State Governments in NSW\, Victoria\, SA\, and Queensland who have limited access to new petroleum exploration areas through regulations\, lack of expedited approvals and withholding vast areas prospective for gas exploration.\nThe absence of a coordinated national energy policy\, combined with subsidies for renewable energy projects has resulted in a shortage of reliable\, low-cost base load electricity which in turn has increased electricity prices and gas supply shortages. \nThe false narrative surrounding human-caused climate change has directly led to policies condemning fossil fuels and limiting onshore petroleum exploration. The finance sector’s withdrawal of funding for fossil fuel projects\, the abandonment of support by business groups and the lack of defence by petroleum exploration and production companies has also contributed to the situation. \nContrary to the narrative\, the Australian export LNG projects were not robbing gas from domestic supply. These projects were developed for the existing\, lucrative LNG export market in Asia\, where prices were higher and long-term contracts were more feasible. The small domestic east coast gas markets were adequately supplied by other domestic sources and the large gas reserves associated with LNG projects could not have been sold in Australia due to the small market size.\nThere is an urgent need for a coherent national energy policy incorporating a balanced approach to renewable energy and an orderly transition to ensure a reliable energy supply and mitigate the impact of rising gas and electricity prices.\nLegislative power for petroleum exploration and production in onshore areas\, including State-controlled waters\, is governed by each State and Territory under the Australian Constitution. \nThere has been significant depletion of existing onshore gas fields through production in South Australia\, Victoria\, and Queensland and also in the offshore gas fields Victorian\, South Australia and Tasmania. These gas fields are in many cases approaching the final stages of their production life and with the declining production rates comes increased production costs which is passed on to the consumer in the form of higher gas prices. \nThe lengthy and costly State Government regulatory processes\, community consultations and bureaucratic obstacles faced by petroleum exploration companies have all hindered the addition of a new gas supply. These processes often lead to delays and unnecessary costs which are ultimately either borne by exploration company shareholders or in the case of successful projects are funded by consumers through higher commodity prices. \nNew South Wales (NSW) petroleum exploration was effectively halted in 2011 initially in response to the Government responding to activists claims of the damage caused by the use of fracking. The NSW Government then conducted a review of petroleum exploration resulting in the cancellation of all existing petroleum exploration licenses except for those related to the Santos-controlled coal seam gas project in the Narrabri region. \nThe NSW Government referred to the cancelled licences as “zombie licences” claiming that they had all passed their expiry date or had not met their financial commitments. In fact\, the NSW Government had applied a compulsory moratorium on exploration in 2011 which prevented the titleholders from meeting their financial commitments by conducting exploration activities. \nApplication for development approval of the Narrabri Gas Project was first submitted in 2014 with conditional approval not granted until September\, 2020 – a 6 year process!!! In the meantime NSW has no domestic gas supply and is totally dependent on gas imports from South Australia\, Queensland and Victoria\, a rapidly dwindling gas resource. \nPetroleum exploration and development policies in Victoria\, South Australia\, and Queensland has effectively halted onshore gas exploration and the addition of a new gas supply. Moratoriums and bans on onshore gas exploration and development in Victoria as well as the competitive tendering processes for new exploration areas in South Australia and Queensland have either stopped or greatly reduced gas exploration in those states. The Queensland government has prioritised the release of new areas for coal seam gas and unconventional gas leading to limited opportunities for conventional gas exploration. \nThe demonization of fossil fuels by state governments along with the withdrawal of prospective exploration areas has resulted in a gas supply shortage and increased gas prices on the east coast. Additionally\, the replacement of fossil fuels with heavily subsidized renewable energy sources without a proper transition plan is seen as a contributing factor to the gas supply shortage\, high gas prices\, and electricity grid imbalances. \nThere are major concerns with the long-term impact on the average citizen\, businesses and productivity due to government policies and subsidies that favour renewable energy over fossil fuels.
URL:https://pesa.com.au/events/pesa-act-nsw-august-2023-technical-lunch/
LOCATION:Castlereagh Boutique Hotel\, 169 Castlereagh St\, Sydney\, NSW\, 2000\, Australia
CATEGORIES:NSW / ACT,Technical Lunch,Technical Talk
ORGANIZER;CN="PESA NSW Secretary":MAILTO:nsw-secretary@pesa.com.au
GEO:-33.872562;151.2089734
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Castlereagh Boutique Hotel 169 Castlereagh St Sydney NSW 2000 Australia;X-APPLE-RADIUS=500;X-TITLE=169 Castlereagh St:geo:151.2089734,-33.872562
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BEGIN:VEVENT
DTSTART;TZID=Australia/Sydney:20230711T120000
DTEND;TZID=Australia/Sydney:20230711T143000
DTSTAMP:20260605T111752
CREATED:20230626T073201Z
LAST-MODIFIED:20230626T073227Z
UID:10008519-1689076800-1689085800@pesa.com.au
SUMMARY:PESA ACT/NSW July Technical Lunch
DESCRIPTION:Household renewable energy journey\, and more\nWhat is a VPP and how can you be part of one? Can you get electricity off the grid for free\, or get paid for taking it? Can you as an individual trade electricity? What is VTG or VTH\, and how will these revolutionise electricity supply in the future? Why is South Australia so far ahead in the renewables race\, and how was John Howard involved? How will the transition to renewables work in Australia\, and how long will it take? How much does it really cost to run an electric car? What percentage of electricity production is now renewable? \nThese and other questions will be addressed in this discussion of going all electric. Home solar systems provide the means to monitor one’s electricity generation and usage\, at 5 minute intervals. \nComparisons of different periods (days\, seasons\, years) allow the user to evaluate\, for example\, the effect of La Niña on solar production\, winter versus summer\, and the need for backup from the grid\, and to determine what device in your household is sucking up all that electricity. Even if you don’t have a solar system you can optimize your use of solar energy if you want to. Some weird and wonderful data displays from the Australian Energy Market Operator’s website will be shared\, comparing state by state energy generation by power source\, usage and price.
URL:https://pesa.com.au/events/pesa-act-nsw-july-technical-lunch-2023/
LOCATION:Castlereagh Boutique Hotel\, 169 Castlereagh St\, Sydney\, NSW\, 2000\, Australia
CATEGORIES:NSW / ACT,Technical Lunch,Technical Talk
ORGANIZER;CN="PESA NSW Secretary":MAILTO:nsw-secretary@pesa.com.au
GEO:-33.872562;151.2089734
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Castlereagh Boutique Hotel 169 Castlereagh St Sydney NSW 2000 Australia;X-APPLE-RADIUS=500;X-TITLE=169 Castlereagh St:geo:151.2089734,-33.872562
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BEGIN:VEVENT
DTSTART;TZID=Australia/Sydney:20230613T120000
DTEND;TZID=Australia/Sydney:20230613T143000
DTSTAMP:20260605T111752
CREATED:20230525T235159Z
LAST-MODIFIED:20230608T235304Z
UID:10008393-1686657600-1686666600@pesa.com.au
SUMMARY:PESA ACT/NSW June Technical Lunch
DESCRIPTION:THE FEDERAL BUDGET 10 MAY 2023\, ITS CONTENTS AND ITS IMPLICATIONS FOR THE ENERGY INDUSTRY\nThe Federal Budget is far from what is contained in the Treasurers Speech\, the associated Ministers Press releases\, the Budget documents themselves and the massive rhetoric that will flow from days after the actual speech in the House. There will be countless hours spent in preparing treatises and marketing documents from the many who feed off the circus and the media who have a vested interested in selling whatever. \nThe reality becomes a lot clearer when those with patience and tenacity actually spend time post delivery of the package of above by delving far deeper and working through both what is included in those documents and just as importantly what is NOT included. \nThis presentation given many days post the circus will address as many issues as become apparent with as much depth as is possible in a 30 minute talk\, both being advanced and provided in common language avoiding jargon. \nThe more publicised issues are going to include the changes to the Petroleum Resource Rent Tax rules and funding for hydrogen and renewable energy sources\, but that means there will be hidden stories for nuclear energy\, major infrastructure support\, graphite production and research into alternatives to lithium-ion batteries. The deliberate intention will be to make this session hum with ideas\, identified issues and positive thoughts of how Australia can “move forward”\, while keeping cost increases down for the masses. \nNotice: previous event on PNG Darai Limestone by Tony Allan cancelled\, apologies for any inconvenience caused. \nAGM Documents\n2023_PESANSW_Annual_Report \nPESA NSW 2022 AGM Minutes Draft \nPESA NSW Branch Committee Nomination Form 2023 \nPESANSWBranch-AGMNotice2023
URL:https://pesa.com.au/events/pesa-act-nsw-june-technical-lunch/
LOCATION:Castlereagh Boutique Hotel\, 169 Castlereagh St\, Sydney\, NSW\, 2000\, Australia
CATEGORIES:NSW / ACT,Technical Lunch,Technical Talk
ORGANIZER;CN="PESA NSW Secretary":MAILTO:nsw-secretary@pesa.com.au
GEO:-33.872562;151.2089734
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Castlereagh Boutique Hotel 169 Castlereagh St Sydney NSW 2000 Australia;X-APPLE-RADIUS=500;X-TITLE=169 Castlereagh St:geo:151.2089734,-33.872562
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