The federal government will consider using whatever mechanisms are available to counter constrained gas supply on the east coast as price hikes start to bite.
Prime Minister Anthony Albanese says Labor argued for a domestic gas reserve which was ignored by the former government.Anthony Albanese said the government will look at every available option to keep a lid on rising gas prices, but a failure of energy policy and global pressures are making the task harder.
He said government ministers have engaged Woodside in discussions about supplying LNG to Australia's east coast. "At the same time, Australia will of course change the energy mix we can see that happening right now." Federal, state and territory ministers will meet next week to discuss the developing energy crisis with burgeoning gas, petrol and electricity prices being described as a perfect storm.
On Wednesday, the Australian Energy Market Operator triggered the Gas Supply Guarantee Mechanism for the first time since the measure was introduced in 2017 in order to secure gas for power generators and ward off a potential shortfall in southern states.Con Chronis "This is nothing to do with renewables. I think the government has to take responsibility for what is a serious issue."
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