By signing an agreement with the big three producers, the government has effectively made the east coast gas shortage evaporate. But there’s no guarantee the price pain will go away too.
Business as usual is not an option.
CSIRO/Wikimedia Commons
A new CSIRO roadmap outlines the options for oil and gas companies to keep pace with the clean energy transition, including solar-powered hydrogen fuel production.
Australia is one of the largest producers of natural gas.
AAP
Michael Hopkin, The Conversation e Emil Jeyaratnam, The Conversation
A survey of leading economists gave a mixed, and overall negative, view on Malcolm Turnbull’s plan to force gas producers to divert exports back into the Australian domestic market.
With the right power policies, gas can have a brighter future.
Steven Bradley
The current domestic gas crisis will pass. But if the industry wants to surpass coal and fulfil its role as a ‘transition fuel’, it should lobby for a carbon price to help it on its way.
The country is now compelled to send its army into an area where a major resource extraction project has failed to deliver on its promises to landowners.
High gas prices have left Adelaide’s Pelican Point power station running at less than half its capacity.
Peripitus/Wikimedia Commons
South Australia’s government was angry about the blackouts enforced by electricity regulators. But with much of the state’s gas power offline, the regulators had little choice.
Malcolm Turnbull touring one of Australia’s large LNG fields.
AAP Image/News Corp Pool, Ray Strange
The way Australia taxes companies for gas projects now lags behind our closest neighbour, Papua New Guinea, which has reformed its tax system to ensure it gets money sooner.
Companies like Tesla, with batteries and electric cars, are disrupting traditional energy companies in Australia.
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The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
An LNG tanker leaves Gladstone, Queensland. Gas development is one of the drivers behind Australia’s increasing emissions and electricity demand.
AAP/Dan Peled
Woodside’s decision to shelve its $40 billion Browse project off Western Australia’s north is not a disaster, but it does highlight some areas where the gas industry needs to get much smarter.
Fellow - Melbourne Law School; Senior Researcher - Climate Council; Associate - Australian-German Climate and Energy College, The University of Melbourne