Via Barnaby today:
Mr Joyce said the gas companies were already moving to release gas to the domestic market and the price was coming down, but more had to be done.
…“They’re going to come back and tell us how they’ll do it, and if they don’t, then we have to stop the export of gas,” he said.
“They’ll say, ‘well it’s contracted’. Some of those contracts to be quite frank are contracts to themselves, where one entity sells it to themselves overseas then puts it on the spot market and good luck there, but we can see through that and we’ve got no problems forcing them to unwind those contracts, and we’re just going to make sure we’re looking after the Australian people.
“They can fix up the problems for themselves, or they can have us try to fix it up for them. It is a lot smarter if they fix it up for themselves. That’s what we’re giving them the option to do.”
Its true. Much of the gas is contracted to equity partners in the projects. Just another little laugh in the ongoing black comedy.
No point leaning on these guys, just pull the trigger on a reservation target.
