09/10/2025 07:18
The Guardian
This blog is now closedGet our breaking news email, free app or daily news podcastWill Australia’s east coast get a gas reserve?There have been growing calls for an east coast gas reserve to help combat sky high gas prices, including a push from the Bluescope steel CEO yesterday.We will do a careful piece of work here. In the last term of government, we intervened on gas prices following Russia’s illegal invasion of Ukraine and the impact that had in global energy markets in order to support, of course, households, but also industry.Gas is absolutely critical for sections of Australian industry … It’s a critical transition fuel to lower Australia’s industrial emissions.We’re a big exporter of gas, and it’s reasonable that I think for Australian industry and for Australians to say we need to make sure there is sufficient gas for Australian industry.This is a critical industrial capability for Australia. We have vast reserves of copper ore, and there is global trade imbalances, subsidies in some markets, volatility that is making it an unfair playing field for Australian copper producers in global markets. We need to see that. Continue reading...
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