/ 03 June 2022

A gassy problem

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And it not that we’ve eaten something that’s fighting us from the inside… The Albanese Government is looking into securing more gas for the domestic market and containing price shocks. That’s in focus this week on the eastern seaboard because of a cold snap that’s seen us pump up the heat, and there have been outages at coal-fired electricity plants and surging commodity prices because of the war in Ukraine. Energy Minister Chris Bowen called it “a perfect storm” and says there are no quick fixes. In the meantime, Resources Minister Madeleine King is ringing around the gas companies to urge them to boost supply. They say state governments and others are to blame for “more than a decade of energy policy failure that has stopped the industry developing more gas supply in a timely manner,” Santos boss Kevin Gallagher said yesterday. The Australian Workers Union is urging action because “manufacturing literally cannot survive these spiking gas prices for much longer”.

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