Ryan says he was misrepresented

CLAIMS by the Australian Petroleum Production and Exploration Association that Deputy Premier and Gippsland South MLA Peter Ryan recognised the need for urgent development of coal seam gas to prevent a significant price rise in the domestic gas market have been rejected by Mr Ryan’s office.

“A story which appeared in the APPEA newsletter on Thursday contained a blatant misrepresentation of Mr Ryan’s views on coal seam gas,” the statement read.

“These misrepresentations were unfortunate and unhelpful in the public discussions on this issue.

“APPEA has recognised its misrepresentation and has now removed the article from its website and newsletter.”

Mr Ryan’s office pointed out Victoria had abundant offshore reserves of natural gas.

“Victoria has vast reserves of offshore natural gas and will not be rushed on the issue of onshore coal seam gas,” he said.

“Victorian has at least 11,700 petajoules (PJ) of gas supply in current reserves, and the Kipper, Tuna, Turrum field is coming online, believed to contain another 1,600 PJ.

“Additional reserves also exist in Bass Strait,” the statement read.

“Victoria’s current gas production, including interstate exports, averages 396 PJ annually.”

APPEA has previously criticised the Victorian government’s moratorium on fracking gas reserves.

It hoped in the wake of the federal election, the Australian oil and gas industry would have a new period of policy clarity.

A blog on its website said there was a growing need for a constructive and stable approach to policy development and implementation.

“We cannot afford an ad hoc or short-term approach to policy,” it said.

“At a time of global uncertainties and volatile financial markets, it is more vital than ever that Australia’s policy environment encourages investment and enhances national competitiveness.”