Australia’s biggest gas exporters are edging closer to striking a new agreement with the federal government that would boost local supplies of the fossil fuel and help temper fears of winter shortfalls in Victoria and NSW.
A landmark deal struck in 2022 under the “heads of agreement” between the government and the industry led to the exporters committing an extra 157 petajoules of domestic gas – about 25 per cent of annual east coast demand – in response to forecasts of domestic shortfall risks emerging in 2023.
Victorian Energy and Resources Minister Lily D’Ambrosio accused the Queensland gas exporters of “putting their export profits ahead of domestic supply needs”. However, the energy industry and large industrial customers that rely on gas for energy or as a feedstock are increasingly on edge about the threat of shortfalls, and argue developing more production fields closer to the demand centres will be critical to ensuring gas can flow reliably and affordably for those who need it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BCA tells Prime Minister Anthony Albanese Australia needs a review of foreign investment rulesBig business wants federal Labor to review settings for overseas capital, including in renewables projects, amid warnings of a foreign investment drought.
Source: FinancialReview - 🏆 2. / 90 Read more »
Shadow Minister criticises Albanese government for not re-detaining immigration detaineesShadow Government Services Minister Paul Fletcher has criticised the Albanese government for “not yet” using powers to re-detain the immigration detainees who include “hardened criminals”. The Albanese government has admitted the wrong visas were issued to 149 freed detainees, but it insists a ‘technical issue’ is to blame for the bungle.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Prime Minister Anthony Albanese eyes up religious discrimination protections igniting fierce debateA potential overhaul of religious protections has sparked intense debate even before it has reached the parliamentary chambers.
Source: abcnews - 🏆 5. / 83 Read more »
Penny Wong wedding: Australian foreign minister weds long-time partner Sophie Allouache in ‘special day’Couple married in Adelaide after nearly two decades together, with prime minister Anthony Albanese in attendance
Source: GuardianAus - 🏆 1. / 98 Read more »
Peter Dutton refuses to support religious discrimination law changes without seeing detailsOpposition leader accuses Anthony Albanese of ‘setup’ after prime minister demands bipartisan support
Source: GuardianAus - 🏆 1. / 98 Read more »
Afternoon Update: Keating defends Wang Yi meeting; NT police mock certificates revealed; and teaching kids a life lessonFormer prime minister stands by plans to meet with China’s foreign minister
Source: GuardianAus - 🏆 1. / 98 Read more »