This is a good point @Wallstreetyips1
As both the economy and industry have or are being ravaged by Covid-19 and China trade bans, the Federal Government will need to ensure they can bolster the economy and promote growth across all sectors. Expanding existing sectors to build Australia's dominance in key markets is crucial to maintaining a strong economy and building economic resistance to escalating trade tensions.
A good local example is the need to produce the Covid vaccine in Australia as Europe tightens export controls for their own interest. Better yet, Australia would export any surplus.
A gas-led recovery that builds our dominance as a major energy exporter is an easy win for the Fed Gov and puts money in the bank.
Also worth noting, in line with other comments that Gas is a key part of a move toward a greener future ....and ignoring all of those self righteous individuals that think a green future can/should only include electric vehicles and lithium batteries, consider the following excerpt taken form another Australian company announcement recently:
"International shipping is regulated by the International Maritime Organisation (IMO). IMO 2020 rules mandate that all ocean-going vessels are required to reduce sulphur emission from engines from an original 4.5% and currently reduced 3.5% to 0.5% m/m with effect from 1 January 2020. This has made it mandatory for existing vessels to install scrubber filtration systems or to use high grade low sulphur fuel in place of diesel in order to comply. Each of these choices has proven to have its limitations. New vessels would install gas engines instead of diesel engines and use LNG propulsion to power the engines."
Gas is still a critical energy source for many industries and enables their move toward greener outcomes.
Let's get on with it Keith !!
GLTAH.
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