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Has Albo grown a backbone at last?
Prime Minister Anthony Albanese has flagged an expansion in gas production but stopped short of ruling out higher taxes on exports in the May budget, as Singapore warned it would look elsewhere if Australian energy became too expensive.
Albanese met Singaporean Prime Minister Lawrence Wong on Friday as the government seeks to shore up oil imports by engaging regional partners that supply refined fuel but also depend on Australian LNG.
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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.