Fans of economic mumbo jumbo have had a field day this week as anti-gas activists do their best to decry new sources of supply.
A major energy conference this week heard from policymakers, regulators, energy users and companies right across the supply chain, and beyond the broad agreement that there is, now more than ever, an urgent need for policy stability and certainty, the role of natural gas was high on the agenda.
Some of Australia’s most experienced independent energy economics analysts came to a similar conclusion this week: the East Coast needs more gas; and current policy settings federally and in NSW/Victoria are not going to solve the problem of gas supply and rising electricity prices.
East Coast manufacturers and small business employers can breathe a little more easily today, thanks to natural gas producers in the north.
ERIC Director Steve Wright’s Letter to the Editor on why the Narrabri Gas Project is now more important than ever.
In contrast to the claims of protesters, not everyone is opposed to fossil fuels. The majority of Australians rely on coal and gas-fired electricity to run their businesses, heat their homes and keep the lights on.
It is indicative of the ‘who cares’ policy approach of the New South Wales Greens that they now want the State’s only natural gas supply shut down.
Estimates of natural gas exports and domestic supply have simultaneously taken a turn for the better as producers have ramped up production in Queensland, South Australia and off the West Australian coast.