David Llewellyn-smith spoke with 2GB’s Luke Grant this morning, where he demolished the stupidity around plans for Australia – the Saudi Arabia of gas – to import LNG to solve looming ‘gas shortages’:
EnergyAustralia, Australia’s third-largest energy retailer, agreed on Wednesday to buy gas from a liquefied natural gas (LNG) import terminal planned by a Japanese-backed joint venture… in the first of several deals needed for the project to go ahead.
The Port Kembla LNG terminal is one of five proposed LNG import terminals that could help meet a looming gas shortage in south eastern Australia, even as the country is set to become the world’s top LNG exporter.
EnergyAustralia is the first customer to sign up to buy gas from Port Kembla, to be operated by a joint venture called Australian Industrial Energy (AIE) consisting of Japan’s JERA and Marubeni Corp and mining magnate Andrew “Twiggy” Forrest’s Squadron Energy.
Here’s the money quote: “We’ve gone from a carbon tax to a cartel tax… We’ve truly screwed the pooch”.
