Once more for dummies: there is no gas shortage

Monday, 20 March 2023

This debate is maddeningly influenced by the gas cartel:

…the Andrews government on Thursday rejected the suggestion that more gas supply was needed to prevent shortages, and instead argued a domestic gas-reservation policy should be set up to stop Queensland’s liquefied natural gas (LNG) companies from shipping too much supply offshore.

…Setting up a potential clash between Victoria and the Albanese government, federal Resources Minister Madeleine King declared she wants NSW and Victoria to develop their own gas supplies.

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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.