APPEA down under wrap-up

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The 2022 APPEA conference was held in Brisbane from May 16 to 19th, with a theme of Positive Energy for a Changing World. Our key takeaways were: 1. A muted mood – it didn’t feel like the industry was enjoying US$100/bbl oil, record gas pricing and robust short-term demand. A looming general election was unnerving the sector, and there was also caution around being perceived as profiting from global crises. 2. A grim outlook for gas/upstream financing – both large and small-caps seem concerned that attracting finance from traditional Australian sources was getting harder and could dry up entirely in just a few years. 3. The industry must work much harder at gas advocacy. Energy security is front of mind given events in Ukraine, and Australia has not been immune from the supply-side energy crises that have rocked global markets. While support for gas as the bridging fuel remains strong, it feels as if support for gas developments is ebbing.

Table of contents

    • 1: A subdued mood despite high prices
    • 2: Financing an enormous challenge, and M&A isn't too easy either
    • 3: Gas advocacy, decarbonisation and energy security
    • 4: Hydrogen hype continues
    • 5: No announcements here

Tables and charts

This report includes 5 images and tables including:

  • Opening slide from Wood Mackenzie's 2022 APPEA presentation: Finding winners in the hydrogen hype
  • Queensland domestic gas - Wallumbilla benchmark spot price (A$/GJ)
  • South-East Australia electricity spot prices
  • Australia's growing CCUS industry
  • Wood Mackenzie's 2022 APPEA presentation: Finding winners in the hydrogen hype

What's included

This report contains:

  • Document

    APPEA down under wrap-up

    PDF 1.15 MB