Future Gas Strategy is not looking good.
Madeleine King's East Coast Price of $12Gj is a failure.
Last time we saw prices like this Russia had invaded Ukraine - which was ultimately the catalyst for MKs $12Gj cap.
Whats happened this time?
Not much really - We are just seeing low supply trading at a premium and this is why we are seeing manufacturers declaring they need price relief from the Federal Government which comes in the form of gas supply.
Mars, Cadbury, Orica and now Rio Tinto Aluminum with the force majeure in Gladstone, Which is ironically next to 3 LNG processing plants.
The Future Gas Strategy will be a failure without gas.
It is impossible to continue on the current trajectory and think we can transition to Net Zero without gas supply.
The penny will drop and we will be told its in the national interest to explore PEP11.
Australia and NSW need PEP11.
Wooooo Hooooo Go BPH :)$$$$$$, page-27576
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