For an industry entering its sunset years, Australian gas certainly is attracting an enormous amount of attention and money. And yet, the local market is facing gas shortages, despite being one of the world's biggest exporters.
For an industry entering its sunset years, Australian gas certainly is attracting an enormous amount of attention and money.
That deal was stymied at the final post by Australian Super, which marshalled enough support to vote down the deal on the floor at the extraordinary general meeting just before Christmas. That's now a primary factor behind what economists quaintly refer to as "sticky services inflation" and why we may be hit with even higher interest rates.
But in the meantime, the only viable source of quick and flexible energy is gas, which is why it is seen as the interim fuel in the energy transition. LNG prices doubled, averaging more than $16 a gigajoule that year, sending electricity prices into orbit. And that sent the earnings of each of our big gas exporters, including Santos, Origin and Woodside, soaring.
Gas Santos Liquified Natural Gas Woodside Gas Export Energy Transition Renewable Energy Origin
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.
Why AOC chef de mission Anna Meares chased the job of leading the Australian Olympic teamAs one of the country’s most decorated athletes, Australia’s chef de mission knows the triumph and heartache of competing at this level better than most.
Read more »
'There is no democracy': Why Australian voters have boycotted Iran's presidential electionsMembers of the Iranian-Australian community have turned out to cast their vote in Iran’s presidential election. However, some are questioning its legitimacy and are instead turning out to protest what they call a ‘fake’ process.
Read more »
Why is menopause still holding Australian women back from their full potential?The transition towards no more periods can impact a woman’s job, finances, retirement and health. Experts are trying to solve these issues
Read more »
Why are Australian women more concerned about the climate than men?A new report has found 74 per cent of people in Australia want to see the federal government strengthen its commitments to address climate change. The People's Climate Vote suggests women especially support stronger climate commitments compared with men.
Read more »
From mush to monsters: Why finals move could deliver an Australian world titleProfessional surfing’s winner-takes-all, one-day finals event will shift from the crowded beaches of California to one of the world’s most iconic waves next year.
Read more »
From mush to monsters: Why finals move could deliver an Australian world titleProfessional surfing’s winner-takes-all, one-day finals event will shift from the crowded beaches of California to one of the world’s most iconic waves next year.
Read more »