The dominant source of gas to Australia’s east coast could be handed a lifeline after Exxon and Woodside approved a $350m drilling campaign to deliver new supplies from the Bass Strait.
A federal government listing of high priority renewable energy projects has 56 across the country with a notable aspect being the shortage of transmissions projects in WA’s South West.
There is a lot to unpack in the energy minister’s excuses to hide the fact that power price decreases promised by the Albanese government in opposition are a thing of the past
Chris Bowen says the Coalition’s plan to keep coal in the system for longer will lead to even higher costs, backing Labor’s massive expansion of renewables despite business calls to slow it down.
Victoria sits on abundant gas reserves that could be enriching the state if suicidally stupid politicians from the Dan Andrews government, along with easily spooked members of the opposition, hadn’t changed the constitution.
The federal government is under pressure to make a decision about Woodside’s North West Shelf extension as the $70bn LNG export industry seeks to restore investor faith in the industry.
Tying energy policy to climate strategies has led to the looming east coast gas supply crisis, Santos chief executive Kevin Gallagher has declared, as he called for Australia to follow the US example and decouple the two.
Big east coast gas users have laid out a blueprint for gas policy reforms, including a domestic reservation scheme, amid concern a plan for the commonwealth to underwrite LNG imports will entrench high prices for local industry.
Japan’s biggest buyer of LNG has threatened to take its business elsewhere, at the cost of thousands of jobs, unless urgent policy changes are made to fix Australia’s $70bn export industry.