The Minister for Climate Change and Energy Chris Bowen has put forward what he called the government’s ‘sensible (and) pragmatic’ approach to tne future of gas in Australia’s electricity grid. Answering questions at the National Press Club, Bowen said that on the one extreme there was the Coalition with what he called ‘a gas bin…
By Michelle Grattan, University of Canberra The Albanese government is talking up the crucial role of gas as a transition fuel “through to 2050 and beyond”. In a gas strategy to be released on Thursday, the government envisages the fuel’s uses would change over time, as energy efficiency improved, renewables were firmed and emissions were…
The Australian Competition and Consumer Commission has signaled that pressures on gas prices are easing for industrial customers with news of a potential surplus of gas. Australia’s east coast gas market is expected to have a six petajoule (PJ) surplus in the third quarter of 2024, even if the three LNG producers export all their…
The federal government has turned – again – to its Gas Code of Conduct to boost availability and cut the cost of gas to consumers and industry. Energy minister Chris Bowen announced that 260 PJ of gas will be made available between now and 2033 through two new enforceable supply commitments with Esso and Woodside…
Rod Sims, Crawford School of Public Policy, Australian National University Virtually every country in the world is facing a crisis in energy costs, yet while other countries can’t do much about it, Australia can. Australia could get its east coast gas producers to supply the domestic gas market for less than A$10 a gigajoule. Earlier…
The latest budget has given the Australian Competition and Consumer Commission a boost in funding and powers to counter high gas prices. Gas users have described the current east coast energy crisis as ‘a perfect storm’ and ‘apocalyptic’. The ACCC has been given a funding injection to review the voluntary code of conduct over gas…
