Agree by memory tls uses 1% of Australia's energy production,probably the largest user.. Australia's energy policy could not be worse and it has relevance to tls because of above. Forrest besides his failed jv with cannon in that singapore venture also wants to establish a lng facility in woolongong using shale gas shipped from qld.Woolongong industry does not want it because such a woolongong lng facility would lock in high prices.They want santos narrabri to start production (shale production) just like forrests qld shale gas lng facility in woolongong but forrests squadron co said they will only develop shale gas lng facility if santos shale gas narrabri facility is not approved. Above is a fine example of how pathetic australias energy policy is and the hypocrasy involved. new progressive term,'dirty gas' 'green hydrogen'.One problem the process involved in producing hydrogen is not green and currently the technology to replace gas with hydrogen is not viable as confirmed by BSL in woolongong .they tried with a hyrid furnance,energy in woolongong australia tried with a hybrid power plant.Nope doesn't work The greens solution,offshore woolongong wind turbines.Besides many problems with such a solution Woolongong industry requires gas not electricity.hmm sry subject annoys me and there r going to b some shocker reports during reporting season due to energy pricing due to energy policy. Tls should not b effected,?
TLS Price at posting:
$4.01 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)