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What's going on with gas supply on East Coast? (Read 538 times)
Its time
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What's going on with gas supply on East Coast?
Oct 18th, 2018 at 8:51pm
 
Didnt  your Messiah's fix it?  Was watching ABC and incitec is considering moving offshore because they can't even get a decent gas supply under 10 bucks a gigajoule , put it out to tender to 18 different gas suppliers,  one replied just one with 1/10 supply of what's required
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Its time
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Re: What's going on with gas supply on East Coast?
Reply #1 - Oct 18th, 2018 at 8:53pm
 
The libtards really have been a complete and utter failure with providing cheap reliable power,  all they're interested in is pandering to their offshore masters and exporting our gas and selling off everything
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juliar
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Re: What's going on with gas supply on East Coast?
Reply #2 - Oct 19th, 2018 at 7:58am
 
The Polly Waffle VIRUS is all gassed up with a tank full of WAFFLE.

It is all the unions fault.

And who would EVER quote anything from the Lefty biased lying ABC Socialist Propaganda Station except the armchair arm waving Polly Waffle VIRUS ?
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Its time
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Re: What's going on with gas supply on East Coast?
Reply #3 - Oct 19th, 2018 at 8:46am
 
Maybe Morrison can hit them with the wet lettuce leaf
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philperth2010
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Re: What's going on with gas supply on East Coast?
Reply #4 - Oct 19th, 2018 at 9:00am
 
The fossil fuel industry is not interested in keeping prices low and the Australian Government (both sides) ate too blame!!!


Quote:
I was in the Canberra press gallery in 2002 when prime minister John Howard called a press conference to announce, with the widest grin he could manage, that after years of negotiation, Australia's mining interests had pulled off a $25 billion deal to supply China with liquefied natural gas.

It was, crowed Howard, Australia's biggest single export deal. Ever.

"Needless to say, I am absolutely delighted. It is so good for Australia," he said. "This is the kind of outcome that will underpin the economic strength of this country."

It was, he said, growing more expansive and breathless by the minute, "a gold medal performance".

It wasn't, though.

By 2015, it was being called the worst deal ever done. The Chinese by then were paying about one-third the price for Australian gas that Australian consumers themselves had to pay ... and they were guaranteed to continue doing so.

The Chinese had got the deal of a lifetime because the consortium of Australia's North West Shelf operators hadn't thought to insert a clause into the contract that would raise the price of gas from what was, in 2002, a historically low level.

As world gas prices rose and rose, the price paid by China for what Howard had called "a gold medal performance" stayed at rock bottom. Australia's gas exports of 3 million tonnes a year from that single agreement were contracted to stay at basement prices until 2031.

Howard, visiting China in 2007, was pedalling as fast as his little legs would take him from the idea that his government should take responsibility for the fiasco. It wasn't for his government to interfere in pricing. No sir!

The deals kept coming after Australia changed governments.

The Labor administrations of Kevin Rudd and Julia Gillard were only too pleased to keep announcing huge exports of LNG to China, Japan and South Korea. The gas price for most of these deals was linked to the price of oil.

All along, not one of these governments ever thought to require exporters to set aside part of their bounty for the use of Australian consumers. The whole thing was up to the market.



Angry Angry Angry

https://www.smh.com.au/opinion/how-australia-blew-its-future-gas-supplies-201709...

https://www.abc.net.au/news/2013-09-26/ogge-the-great-gas-crisis-swindle/4982664
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« Last Edit: Oct 19th, 2018 at 9:19am by philperth2010 »  

If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)
 
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Its time
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Re: What's going on with gas supply on East Coast?
Reply #5 - Oct 19th, 2018 at 9:04am
 
philperth2010 wrote on Oct 19th, 2018 at 9:00am:
The fossil fuel industry is not interested in keeping prices low and the Australian Government (both sides) ate too blame!!!


Quote:
I was in the Canberra press gallery in 2002 when prime minister John Howard called a press conference to announce, with the widest grin he could manage, that after years of negotiation, Australia's mining interests had pulled off a $25 billion deal to supply China with liquefied natural gas.

It was, crowed Howard, Australia's biggest single export deal. Ever.

"Needless to say, I am absolutely delighted. It is so good for Australia," he said. "This is the kind of outcome that will underpin the economic strength of this country."

It was, he said, growing more expansive and breathless by the minute, "a gold medal performance".

It wasn't, though.

By 2015, it was being called the worst deal ever done. The Chinese by then were paying about one-third the price for Australian gas that Australian consumers themselves had to pay ... and they were guaranteed to continue doing so.

The Chinese had got the deal of a lifetime because the consortium of Australia's North West Shelf operators hadn't thought to insert a clause into the contract that would raise the price of gas from what was, in 2002, a historically low level.

As world gas prices rose and rose, the price paid by China for what Howard had called "a gold medal performance" stayed at rock bottom. Australia's gas exports of 3 million tonnes a year from that single agreement were contracted to stay at basement prices until 2031.

Howard, visiting China in 2007, was pedalling as fast as his little legs would take him from the idea that his government should take responsibility for the fiasco. It wasn't for his government to interfere in pricing. No sir!

The deals kept coming after Australia changed governments.

The Labor administrations of Kevin Rudd and Julia Gillard were only too pleased to keep announcing huge exports of LNG to China, Japan and South Korea. The gas price for most of these deals was linked to the price of oil.

All along, not one of these governments ever thought to require exporters to set aside part of their bounty for the use of Australian consumers. The whole thing was up to the market.



Angry Angry Angry

https://www.smh.com.au/opinion/how-australia-blew-its-future-gas-supplies-201709...

https://www.abc.net.au/news/2013-09-26/ogge-the-great-gas-crisis-swindle/4982664


Angry
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juliar
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Re: What's going on with gas supply on East Coast?
Reply #6 - Oct 19th, 2018 at 10:15am
 
The arm waving Polly Waffle VIRUS is still trying but is running low on GAS err WAFFLE.
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