Morrison to back construction of new gas-fired power station | CroweDM
Behind the wider gas plan is the concern that Australian customers are paying as much as 25 per cent more for gas than international customers, leading to soaring energy costs for manufacturers at the same time gas is pumped onto tankers for export.
The government will negotiate new Heads of Agreement with the three major liquefied natural gas exporters in Queensland to insist they make more gas available to the domestic market. But the priority is expected to be the Narrabri gas field in northern NSW, which is being developed by Santos and is awaiting a state regulatory decision by the end of this month, after which it will require federal environmental approval.If private sector investment in the priority projects does not occur, the government will raise the option of streamlining approvals, underwriting projects or supporting "special purpose vehicles" to ensure they go ahead.
Labor energy spokesman Mark Butler has questioned the need for underwriting new gas projects but the opposition's resources spokesman, Joel Fitzgibbon, has lent provisional support to the concept.
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