No new gas is needed
In his budget reply, Dutton pledged to audit development-ready gas projects with a focus on the southern states and, as previously announced, fast-track a decision on Western Australia’s Northwest Shelf gas project.
A Coalition government, if elected, would also:
- invest A$1 billion into a critical gas infrastructure fund
- increase gas pipeline and storage capacity
- prevent gas companies from prolonged delays in drilling offshore gas fields.
However, Australia does not need any new gas projects. We only use a fraction of what we produce.
What’s more, evidence suggests more gas production will not bring prices down. East coast gas production has doubled over the past decade even as gas prices have tripled.
Keeping more gas onshore may help with energy prices. But the best way to reduce power bills is to shift to the cheapest form of electricity generation - which is renewables, not gas
Source: https://theconversation.com/dutton-unveils-plan-to-force-more-gas-into-australian-market-and-expand-production-in-major-pre-election-pitch-253228
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