The APPEA 2017 Conference and Exhibition has commenced in Perth, with the introduction of export controls for LNG predictably a hot topic at the day one plenary session.
Minister for Resources and Northern Australia Matthew Canavan prefaced addressing the controls by describing respective moratoria in Victoria, the Northern Territory and New South Wales as “ridiculous, silly and stupid”, adding that they are “completely lacking any science, reason or logic”.
Canavan, however, stated that “the federal government cannot sit idly by while jobs are lost because people are paying higher gas prices here in Australia than they are in our major export markets in North Asia”.
“So, we have stepped in to introduce a gas export licensing system,” he commented. “This is not a move that I or the government has welcomed, or that we prefer, but we believe it's an appropriate, targeted and temporary response to the issues we are facing.”
Canavan acknowledged criticism that the system is “too targeted at particular groups and companies and consortia”, however stated that he rejects “that suggestion outright”.
“We have not designed the scheme to operate in that way, but of course we have designed the scheme to target the problem we face,” he commented.
Discussions will continue over the next few weeks, he stated, with the government intending to have the mechanism up and running by July 1.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Already, lubricant players have established their footholds here in Bangladesh, with international brands.
However, the situation is being tough as too many brands entered in this market. So, it is clear, the lubricants brands are struggling to sustain their market shares.
For this reason, we recommend an impression of “Lubricants shelf” to evaluate your brand visibility, which can a key indicator of the market shares of the existing brands.
Every retailer shop has different display shelves and the sellers place different product cans for the end-users. By nature, the sellers have the sole control of those shelves for the preferred product cans.The idea of “Lubricants shelf” may give the marketer an impression, how to penetrate in this competitive market.
The well-known lubricants brands automatically seized the product shelves because of the user demand. But for the struggling brands, this idea can be a key identifier of the business strategy to take over other brands.
The key objective of this impression of “Lubricants shelf” is to create an overview of your brand positioning in this competitive market.
A discussion on Lubricants Shelves; from the evaluation perspective, a discussion ground has been created to solely represent this trade, as well as its other stakeholders.Why “Lubricants shelf” is key to monitor engine oil market?
The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day.
And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products.
You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one.
Regularly, lubricants retailers have to welcome the representatives of newly entered brands.
And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders.
On an assumption, the annual domestic demand for lubricants oils is around 100 million litres, whereas base oil demand around 140 million litres.
However, the lack of market monitoring and the least reporting makes the lubricants trade unnoticeable to the public.
Headline crude prices for the week beginning 11 February 2019 – Brent: US$61/b; WTI: US$52/b
Headlines of the week
Midstream & Downstream
Global liquid fuels
Electricity, coal, renewables, and emissions