Victorian Energy Minister Lily D’Ambrosio said it was “frankly unacceptable” that somewhere with as much gas as Australia could face such high prices. | joshgordo and lachieabbott
Victoria is demanding “immediate measures” to stave off a looming gas supply crisis, including giving the market operator clout to control the amount of gas available at a crucial storage facility in Victoria’s south-west that is running dangerously low.
D’Ambrosio said it was “frankly unacceptable” that somewhere with as much gas as Australia could face such high prices. “We are committing this supply to help Victorians and residents of NSW through one of their toughest winters on record.” He said Victoria’s plan to give the market operator powers to set minimum storage levels represented a proxy plan to curtail gas exports. He said normally such an intervention would not be warranted, but spot prices for gas had reached absurdly high levels.
Federal Energy Minister Chris Bowen said Australia’s energy market had been undermined by climate chaos and delay for a decade, claiming the former government had left a “gas bin fire” rather than a gas-led recovery.
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