Worst Ever Great Idea: Australia IMPORTS LNG!

Digital Finance Analytics (DFA) Blog

Sep 05 2024 | 00:11:28

00:00 / 00:11:28

Show Notes

I have been talking about the absolutely stupid Government policy of gas supply, as a few big multinational companies continue to pump and export gas owned by Australia abroad, using energy from said gas sufficient to support Australian need, in order to liquidity it for export. The stupidity stems from the lack of an east coast reservation approach (something which Western Australia has done well with a mandated domestic gas reservation policy and there energy prices are lower as a result), with exporters making massive profits (most of which do not hit Australian shores either) thanks to high international demand. […]

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