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.
joshgordo Think the answer is pretty obvious!
joshgordo State capture and idealogical fools Our resources given away.
joshgordo Of course u fail to mention the $25bn is a negotiation competing with other suppliers so it may have suited them to export large volumes at guaranteed price to get their return rather than be at whim of market (with greenies barking about evil gas). So your article is incomplete
joshgordo Should have built nuclear power plants 30 years ago. Green ideologues scuppered that and now AUS is backward.
joshgordo Why is Australia facing an energy crisis? because a partisan media thought it a good idea to keep a useless bunch of no hopers in power for as long as possible and you will do it again the first chance you get.
joshgordo There is plenty of housing, plenty jobs, plenty of water, and plenty of energy supplies. There are just toooooooooooooooo many people!
joshgordo Greed? Idiocy? Neoliberal economics? Wait on, they're all the same thing.
joshgordo People like Peter Costello
joshgordo Greed is 'good'
joshgordo Because the Investment Class have commandeered it for their own benefit.
joshgordo The answer is: Totally incompetent politicians elected into parliament on the basis of special agenda or absolutely stupid ideologies and voted into power by voters with special agendas/ideologies or those who don't see any viable option.
joshgordo corruption - political donations from corporations should be banned. Any minister accepting money from a corporation should be sent to jail.
joshgordo What if we cut company and personal income tax by 30%, halved the GST and doubled resources taxes and royalties. The company tax cut would benefit mining and have more revenue recognised in AU. NW shelf gas is 5x the profitable price. Works for Brunei. Numbers are roughly there.
joshgordo Grifting foreign gas companies convinced governments they could be trusted…
joshgordo Because our leaders worship capital and think the ‘market’ is some all-knowing, all-powerful system of price setting / allocation. We’ve got to dispense with such nonsense and put PEOPLE at the centre of decision-making. Starting with a gas reservation policy.
plalor joshgordo Its because we shut down coal plants before we had an alternative ready.
joshgordo because our politicians and bureaucrats dont look after the australian people which should be their 1st responsibility
joshgordo Because it gets shipped off shore..what’s the mystery?
plalor joshgordo Total mismanagement by Gov't over the allowance of exports without a minimum gas reserve held in country as the WA has.
joshgordo Neoliberal policies focused exclusively on shareholder value for exported product over national interests. Nothing matters more than shareholder value, it ought to be realised at any cost, the last thing is serving Australian interests. Been happening for years.
joshgordo Pretty big basin of gas sitting right off the central coast, scomo shut it down because his wealthy coastal buddies thought it might ruin the view
joshgordo Hmm, let me think 🤔 Climate change religion? Constant brainwashing of the population by the media like The Age?
joshgordo Utter stupidity of leftism?
joshgordo Overseas investment
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