OPINION: The ACCC’s 2023 gas inquiry report warns of a much more troubling outlook for east coast gas supplies than the Albanese government populist gas market intervention suggests.
Australia must get more gas out of the ground to avert disastrous shortfalls in the east coast gas market over the next decade that the Labor government’s extraordinary price gaps threaten to aggravate.
warns of a much more troubling outlook than the Albanese government’s populist gas market intervention suggests. The ACCC recommends that governments reduce the “uncertainty” and regulatory “barriers faced by producers seeking to bring new gas to market”, including calling for NSW and Victoria to abandon their blanket moratoriums on gas exploration and development.
Yet despite the crucial role of gas as transition fuel in Australia’s journey to net zero, Climate Change and Energy Minister Chris Bowen can’t bring himself to openly encourage new gas developments because of extreme green ideology and political fear of the Greens’ challenge in Labor’s inner-city seats.
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