East coast manufacturers are worried they will come off second best to international requests for Australian gas amid the ratcheting-up ofWhile east coast gas producers say they will continue to ensure the domestic market is well supplied, energy users are getting “twitchy” at the prospect ofResources Minister Keith Pitt reaffirmed on Thursday that Australia “stands ready to support its friends and allies” with any request for further gas supplies, while noting there had been no formal requests...
But domestic industrial users of gas questioned where extra gas would come from when local manufacturers are struggling with prices that some say are unaffordable, and with few options for supply.“By all means let’s look after our friends abroad but don’t forget your friends at home, which is your domestic customers,” said Andrew Richards, head of the Energy Users Association of Australia, which includes major gas buyers such as BlueScope and Brickworks.
Defence Minister Peter Dutton said Russian President Vladimir Putin was acting irrationally and the international community had to keep up the pressure on him to back down. “Any gas buyer relying on the east coast spot market would be right to be worried about spot markets spiking, like they have done internationally,” said Graeme Bethune at consultancy EnergyQuest.Australian LNG exporters are expected to further ship cargoes primarily to Asia in the case of reduced Russian reduced gas supplies to Europe, potentially helping replace cargoes diverted from the Middle East or the US to Europe.
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