WDS 0.78% $23.97 woodside energy group ltd

Im told Greens getting their heads on TV ( seeking publicity)...

  1. 9,464 Posts.
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    Im told Greens getting their heads on TV ( seeking publicity) saying since they have some control in minority govt they want to CXL offshore gas contracts to ensure there is onshore gas supply at cheap price????

    So now that the wheels have fallen off renewables in the short term supplying energy and a lengthy delay with massive added expense they want to change the playing field . It is this threats and sort of politics that is stopping industry investing and making other countries seek energy reliability / security outside of Australia

    Guess the Greens are scared the Hydrogen story doesn't fill the gap and are hunting for cheap reliable energy and somehow believe that they can manipulate world markets and somehow force local investment in gas and get guaranteed supply at capped price East and West coast and should that not satisfy as a solution they will cease allowing export of gas. They believe that somehow STO and WDS would economically be able to supply Australia without the scale that export allows . They are thick as bricks and between Albo and Bowan IMO bending over in the last few years to Twiggy and the hydrogen dream. Meanwhile investment and approval in Aussie gas assets slowed now allowing other countries to fill teh shortages and Aussie companies to lose scale, jobs, taxes GDP knowledge etc etc.

    I've git an idea - why doesn't the government do a 20 year contract and then gas companies would invest and supply would be no issue
    I've got an idea - how bout aussie government commit to aussie companies being able to use gas and thus they would be secure and stop buying on short term contracts and at spot

    Without political security industry will not invest in supply and

    Greens saying they will simply cancel contracts and nationalise part of available gas is not productive at any level. It won't help renewables, wont help gas industry supply and won't help keep the scale the industry needs to actually fulfill local demand at reasonable prices.
    So many green industries actually need gas to make their products to in the future reduce the need for gas in the future when the so called green renewables will come online at scale . This process will be slowed by instability and changing rules as every supplier and user need confidence to invest in future - 10-20 years being the length time for payback and economy of scale of new infrastructure. Without export that infrastructure cost falls on the local market and local producers being impossible to fund and increasing energy inflation .
 
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