The Government and its Covid Commission are pushing a $6 billion gas pipeline while new energy regulator, Clare Savage, calls into question the future of the gas networks. Meanwhile Australians still pay more for gas than customers overseas pay for Australian gas. Michael West reports on the momentous upheaval in energy.
It is one short sentence but a sentence with remarkable implications for the nation:
“If not, the economic life of the assets could be limited.”
The new chair of the Australian Energy Regulator, Clare Savage, is saying that if the gas transmission networks do not convert to hydrogen, these assets may be stranded; that’s many billions of dollars in gas pipelines stranded.
“She is calling time on a multi-billion dollar industry,” says energy analyst Bruce Robertson.
The candid assessment from Clare Savage is even more remarkable considering the Government, with the connivance of its Covid-19 Commission, is pushing plans to build a $6 billion gas pipeline from Western Australia to the East Coast.
The Government meanwhile deregulates (ODT)
As Santos reports its profits this week, there is one number you are unlikely to hear from chief Kevin Gallagher: $7 billion. That’s $7 billion in gas losses over five years. Bruce Robertson reports on the government’s penchant for backing a big loss industry, future gas liabilities and the Federal Government’s gas deal with the states.
things remain so dire that there is talk of importing gas, either the Australian stuff on sale so cheaply overseas, or supplies from one of our competitors, Qatar.
Back on the farm, our parents, who knew how to provide without running out of anything, would have been scandalised almost beyond words.
Renewable energy generated more electricity than brown coal during Australia’s summer for the first time in 2017-18, according to a new report by Green Energy Markets.
Attempts to blame renewable energy for high electricity prices are misguided says expert report.
The gas industry is desperate to get its hands on supplies that are off limits – especially controversial ones like, say, coal seam gas.
How a nation awash with gas ran dry in the middle of a global gas glut.
Mm, it gets hard… I’ve spent several days trying to reconcile the idea that certain people can both admire a leader like Vlad Putin suggesting that Australia needs a leader like him, while arguing that any attempts to persuade people to vaccinate their children is an attempt to impose a dictatorship and we all should…
A natural gas leak in Aliso Canyon, California, has been spewing out 50,000 kilograms (110,000 pounds) of gas every hour for more than two months, and officials say it could take another three to four months to bring the situation under control. The leak first occurred on October 23, when the casing of a gas storage well operated by Southern California (SoCal) Gas failed. Strangely, the cause of this failure is not known, and attempts to stop the flow of gas by pumping liquid directly into the well in order to seal the rupture have been unsuccessful.