Nevertheless, the Rudd and Gillard governments likewise announced a series of huge contracts to ship Australian gas to China, South Korea and Japan .Since Howard made his announcement, the volume of LNG exports has rocketed by 875 per cent, and the value has increased by 1041 per cent, according toIn 2019-20, we produced 5945 petajoules, of which 4393 petajoules, or 74 per cent, went overseas
Unbelievable though it is for a country with such plentiful supplies of gas, Australia’s east coast is now caught in the grip of an energy crisis.In recent weeks, the market operator has been forced to stage a series of dramatic interventions to stave off winter blackouts. Meanwhile, consumers, already under the pump from cost of living pressures, are facing higher energy bills.Talk to energy market analysts and state and federal governments, and they’ll tell you there is no single reason.
All the while, global spot prices have been soaring, with Europe shunning Russian gas imports in response to Vladimir Putin’s invasion of Ukraine. Demand for gas has been so strong that Lochard Energy’s massive Iona gas storage facility, located in Victoria’s south-east near Port Campbell, has been emptying at an alarming rate. The Australian Energy Market Operator was last week forced to step in, warning low pressure at the facility could jeopardise the effective operation of the east coast market.
JoshGordon Because they didn't develop the Overland has pipeline from WA.
JoshGordon The grubberment sold off our assets.
JoshGordon A little time ago Singapore was Paying the world's highest Price for gas.
JoshGordon Er .... capitalism?
JoshGordon Any answers, AngusTaylorMP ?
JoshGordon Mostly LNP That and a political and media ecosystem that is open to corruption and bribes to ignore the common good
JoshGordon Because the Little Johnny Howard gave our gas away for free. Got fked over in contracts