Madeleine King says she is assured the chief executives of Australia's biggest gas producers are doing 'everything they can' to get more supply into the domestic market, but the gas trigger remains an option.
Federal Resources Minister Madeleine King has warned there may be little the government can do to reduce soaring wholesale gas prices in the short-term.She says chief executives were working in good faithMs King has been urging the chief executives of Australia's biggest gas producers to get more supply into the domestic market, which could lead to cheaper wholesale spot prices.
On Sunday, Nationals leader David Littleproud said gas companies were unlikely to cooperate with the new resources minister, arguing Labor had been "demonising" them for nine years while in opposition. "There is not much more they can provide, to be honest, and I have every reason to believe what they tell me," Ms King said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gas trigger not short-term solution: BowenEnergy Minister Bowenchris says the energy regulator has allowed for more gas to be released to the south eastern states, but the crisis is far from over. auspol 7NEWS
Read more »
Albanese government limits 5.1pc minimum wage claim to ‘low paid’Industrial Relations Minister Tony Burke rejected fears a 5.1 per cent minimum wage rise would lead to a wage-price spiral as something relevant to the 1980s, not the current economy.
Read more »
Some energy retailers are encouraging customers to leave amid the power crisis. Why is this?You wouldn't expect a business to shut out customers or tell them to look elsewhere, but that's exactly what's happening. EnergyCrisis ausbiz PowerCrisis
Read more »
10 of the best opinion reads from this weekPeter Dutton says the path back to government runs through the suburbs; Matt Comyn returns from the US bursting with insights; a 15-25 per cent house price correction has commenced.
Read more »
Federal government says it will not be deterred by China 'intimidation' tacticsThe Federal government says it will not be intimidated by the dangerous actions of a Chinese aircraft towards an Australian surveillance plane in the South China Sea last month.
Read more »
Labor backs coal to fix power crisisResources Minister Madeleine King says coal-fired power generation must step up to help reduce soaring energy prices, as she cast doubt on pulling the so-called “trigger” to force export gas into the domestic market.
Read more »