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Australia’s Gas Industry Urges Reforms to Protect Energy Security

The body representing Australia’s oil and gas producers has urged the government to adopt sweeping reforms to secure long-term gas supply and stabilize the domestic market.

In its recommendations to the national Gas Market Review, the Australian Energy Producers (AEP) proposed a future-focused reservation policy tied to new developments, alongside measures to accelerate investment and expand infrastructure.

Samantha McCulloch, AEP’s chief executive, said gas will continue to be central to Australia’s energy system well past 2050, meaning reforms are needed now to avoid repeating cycles of shortages and emergency interventions.

Key actions put forward include unlocking development-ready projects, launching a sustainable exploration program, building more pipelines and storage facilities, and simplifying approvals to cut red tape.

McCulloch emphasized that a strong liquefied natural gas (LNG) industry must also be maintained, since export revenues drive further investment and help balance domestic demand.

“With the right policy approach, Australia can ensure reliable gas supply at home, remain cost-competitive, and continue as a dependable energy partner to Asia,” she said.

The AEP, whose 200 members account for nearly all of the country’s oil and gas production, said it is ready to collaborate with governments and consumers on long-term solutions.

Industry leaders warn that without decisive reform, Australia faces the risk of recurring supply crunches and policy uncertainty.