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clock Created with Sketch. 14/07/22
16:55
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Originally posted by psi81:
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There isn't actually much cost-competitive gas left to develop on the East Coast. There is plenty of CSG but what's left is high-cost. There is still no sign that any Australian shale basins will actually be feasible. The political restrictions and delays in NSW and Vic didn't help but the biggest problem was that Santos sold more gas from GLNG than they had reserves for. They had to fill the gap with gas from the Cooper and buying excess gas from other LNG proponents, both of which otherwise could have gone to the domestic market.
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I agree a WA style reservation policy should apply to the Eastern States. But you can't just impose such a policy midway through a project. It needs to be agreed upon and implemented just before a project starts. For that you need state leadership with guts and foresight like ex WA Premier Alan Carpenter.
(20min delay)