https://www.theaustralian.com.au/commentary/how-our-blinkered-leaders-created-a-gas-import-absurdity/news-story/301ea1d17dad046a33f45c54628450b6Tragically, the light-bulb realisation of the central role gas must play in the grid came late to federal Climate Change and Energy Minister Chris Bowen, and even later to D’Ambrosio, although it’s not clear she is fully on board. Whether this realisation is being translated into action is uncertain.
For example, the proposed gas development off the shore of Sydney’s northern beaches, the PEP-11 project – has recently been rejected by Industry Minister Ed Husic, a decision backed by the NSW government. In the meantime, the price of gas in Australia remains extremely elevated, particularly compared with the low cost of domestic gas in the US. Bear in mind the delivered price of LNG is about twice the price of piped gas, given the cost of liquefaction/degasification and transport, in particular.
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