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<blockquote data-quote="Weather Man" data-source="post: 17026636" data-attributes="member: 137766"><p>Aussies already having blackouts, when Green Insanity runs your country, fun and games begin!</p><p></p><p>Exxon Mobil (NYSE:<a href="https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">XOM</a>) issued a warning about the outlook of Australia's domestic gas supply, Reuters reported Tuesday, joining other gas producers in calling for policy stability and more spending in the sector.</p><p></p><p>The country urgently needs new investment in domestic gas supply and infrastructure to provide energy security and affordability for households and businesses, Exxon Mobil Australia's (<a href="https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">XOM</a>) Commercial Director David Berman told the Australian Domestic Gas Outlook conference in Sydney, according to the <a href="https://www.reuters.com/business/energy/exxon-warns-australia-faces-sharp-drop-gas-supply-calls-policy-stability-2024-03-26/" target="_blank">report</a>.</p><p></p><p>"Without investment, Exxon Mobil Australia estimates by 2030 domestic gas supply available to southern states will decrease by 44%," Berman said, adding that it takes up to two years to apply for and receive onshore and offshore drilling permits in Australia.</p><p></p><p>Exxon (<a href="https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">XOM</a>) operates the Gippsland Basin joint venture, the biggest single gas supplier into Australia's southern region; Berman said Gippsland Basin has the resources to help plug the supply gap, but final investment decisions to develop that gas have not yet been made.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 17026636, member: 137766"] Aussies already having blackouts, when Green Insanity runs your country, fun and games begin! Exxon Mobil (NYSE:[URL='https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']XOM[/URL]) issued a warning about the outlook of Australia's domestic gas supply, Reuters reported Tuesday, joining other gas producers in calling for policy stability and more spending in the sector. The country urgently needs new investment in domestic gas supply and infrastructure to provide energy security and affordability for households and businesses, Exxon Mobil Australia's ([URL='https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']XOM[/URL]) Commercial Director David Berman told the Australian Domestic Gas Outlook conference in Sydney, according to the [URL='https://www.reuters.com/business/energy/exxon-warns-australia-faces-sharp-drop-gas-supply-calls-policy-stability-2024-03-26/']report[/URL]. "Without investment, Exxon Mobil Australia estimates by 2030 domestic gas supply available to southern states will decrease by 44%," Berman said, adding that it takes up to two years to apply for and receive onshore and offshore drilling permits in Australia. Exxon ([URL='https://seekingalpha.com/symbol/XOM?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']XOM[/URL]) operates the Gippsland Basin joint venture, the biggest single gas supplier into Australia's southern region; Berman said Gippsland Basin has the resources to help plug the supply gap, but final investment decisions to develop that gas have not yet been made. [/QUOTE]
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