Twiggy Forrest versus the Australian national interest

Monday, 16 April 2018

Twiggy wants into the gas cartel:

Billionaire Andrew Forrest is studying a proposed 2,400-kilometre transcontinental natural gas pipeline across Australia as part of his iron ore company’s strategy to diversify.

Fortescue Metals confirmed it has undertaken work for a duct that would link gas-rich Western Australia with the energy-strapped East Coast power markets. The project, being considered by the federal government, may cost as much as $5 billion, according to one industry estimate.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.