Abstract
Western Australia's domestic gas reservation policy nominally requires Liquefied Natural Gas (LNG) exporters to supply the equivalent of 15 per cent of their export volumes to the Western Australian market. This research offers the first quantitative assessment of the economic impact of the policy in Western Australia. A partial equilibrium model of the State's gas industry is developed, representing its key features. While gas users may benefit from the policy, this trade restriction is found to impose a net cost across all Australian households, since gas resources are diverted inefficiently and the incentive for gas production and exploration is reduced.
| Original language | English |
|---|---|
| Qualification | Masters |
| Awarding Institution |
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| Award date | 14 Mar 2017 |
| Publication status | Unpublished - 2017 |
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The economics of Western Australia’s domestic gas reservation policy. / Neill, Kelly Joanne.
2017.Research output: Thesis › Master's Thesis
TY - THES
T1 - The economics of Western Australia’s domestic gas reservation policy
AU - Neill, Kelly Joanne
PY - 2017
Y1 - 2017
N2 - Western Australia's domestic gas reservation policy nominally requires Liquefied Natural Gas (LNG) exporters to supply the equivalent of 15 per cent of their export volumes to the Western Australian market. This research offers the first quantitative assessment of the economic impact of the policy in Western Australia. A partial equilibrium model of the State's gas industry is developed, representing its key features. While gas users may benefit from the policy, this trade restriction is found to impose a net cost across all Australian households, since gas resources are diverted inefficiently and the incentive for gas production and exploration is reduced.
AB - Western Australia's domestic gas reservation policy nominally requires Liquefied Natural Gas (LNG) exporters to supply the equivalent of 15 per cent of their export volumes to the Western Australian market. This research offers the first quantitative assessment of the economic impact of the policy in Western Australia. A partial equilibrium model of the State's gas industry is developed, representing its key features. While gas users may benefit from the policy, this trade restriction is found to impose a net cost across all Australian households, since gas resources are diverted inefficiently and the incentive for gas production and exploration is reduced.
KW - Domestic gas reservation policy
KW - Natural gas
KW - Western Australia
M3 - Master's Thesis
ER -