Australia Finally Reserves East Coast Gas … But…

Australia is one of the world’s biggest LNG exporters, but according to the Australian Competition and Consumer Commission (ACCC), east coast gas supplies could fall well short of demand from 2028, “despite there being sufficient reserves and resources for at least the next decade”. And Australians are exposed to the full international price of gas, which has lifted energy costs significantly. Albanese formally ruled out any increase to the tax on gas ahead of next week’s federal budget, arguing his focus was on fuel security during the current oil crisis. Now at a press conference in Sydney, Energy Minister Chris […]