Anthony Albanese's election as Prime Minister likely heralds a 'decade of Labor' in power, Colin Barnett says, adding his old party is in a 'desperate situation' at a federal and state level.
About 90 per cent of Australia's gas reserves are off WA's north-western coast, with most of the big gas fields in Commonwealth waters.
"At the moment, gas prices are high because there's a shortage of gas in Australia, but one medium to long-term solution is simply to increase the supply of gas, and I would suggest use gas from the west coast and also develop some gas resources on the east coast. Mr Barnett says a gas pipeline between WA and South Australia's Moomba gas fields would bolster domestic supply.
"It would be a big project and expensive project, but it is one that would pay for itself and could be done quite easily by private enterprise. Most continents around the world have trans-continental pipelines the Americas, Europe and so on."He estimated such a pipeline would cost about $6 billion but said Mr Albanese could embrace it as a "big nation-building project" funded by Australian superannuation funds.
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