It’s rich to expect the gas export market to bail out state governments that have sanctimoniously, and unscientifically, refused to develop their own ample onshore reserves.
Right now Victoria relies heavily on gas being sent south by Queensland’s export LNG producers after theAstonishing analysis: Victorian Minister for Energy, Environment and Climate Change Lily D’Ambrosio.Victorian Energy Minister Lily D’Ambrosio says she asked AEMO to step in, and take other actions too. Victoria will no longer sell spot market gas to other states .
She says Victoria has plenty of gas; Commonwealth gas, that is. But it’s also handy not to have the lights go out when there is an election coming.It is also true that suppliers were buying relatively cheap Victorian gas under the state’s remaining $40 price cap for use elsewhere. Ms D’Ambrosio’s astonishing analysis of all this claims “the root of the problem” is that 70 per cent of Australian gas is exported, and that markets “should work in favour of the customer”.
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.
Victoria blocks gas outflows but imports powerVictoria is relying on other states for electricity that often comes from gas even as new rules prevent the export of spot gas from the state to other regions, industry sources have complained.
Read more »
Snowy gas power plants ordered off as crisis buildsThe Australian Energy Market Operator ordered two gas-fired power plants in Victoria to shut down in a further worsening of the energy crisis slamming the eastern states.
Read more »
Victoria demands ‘immediate measures’ to prevent gas supply crisisVictorian 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
Read more »
Woodside floats gas imports as ‘quick fix’ for Victorian energy crisisWoodside Energy has urged Victoria to support plans for a floating import terminal in Corio Bay that would give the state the ability to receive cargoes of super-chilled liquefied gas from other parts of the country or overseas | NickToscano1
Read more »
Victoria demands AEMO maintain minimum gas storage levels as supplies dwindleGas supplies at the Iona storage facility have fallen due to high demand amid the state’s price cap
Read more »
Russia-Ukraine war: EU accuses Putin of blackmail and says Europe must prepare for ‘total cut-off of Russian gas’ – liveEuropean Commission sets out emergency plan to reduce gas consumption among EU member states
Read more »