Australian LNG

Here it is from the ACCC: Importantly, the ACCC isolated gas prices as a very particular influencer of power bills.

The campaign against gas reservation has begun at the AFR.

At The Conversation we find joyful (24 hours late for you guys): Bill Shorten will turn the energy spotlight onto gas on Monday, proposing measures Labor says will put downward pressure on prices for manufacturers and power generators and so benefit jobs and households.

Can it be that at the cost of the east coast energy shock and one prime minister the gas cartel’s time has finally come?

At The Australian PM Morrison’s new energy man, Angus Taylor, speaks: “I’m focused on getting prices down while I keep the lights on.

From Gottiboff: What I want to see from Angus Taylor is the truth and the whole truth.

Via the ABC: Malcolm Turnbull’s son has lashed out at vested interests in the Queensland coal mining industry, who he says are exerting undue influence over the Liberal Party’s energy policy.

Via Matthew Stevens at the AFR today: Why is NSW like Lithuania?

Finally somebody talking sense on energy and gas.

As a PM, if you let your country get eaten alive by rent-seekers’ devouring the fundamentals of your civilisation then you deserve everything that you get.

Has a political party ever torn itself apart so spectacularly as the Coalition on energy?

Super news, Aussie gas suppliers have been trumped again by US, via Reuters: U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Friday it had signed a 25-year deal to supply Taiwan’s CPC Corp, which CPC valued at roughly $25 billion.

The BBC has it: It may sound like the title of a low budget sci-fi movie, but for planetary scientists, “Hothouse Earth” is a deadly serious concept.

By Leith van Onselen The AFR View has delivered Australia more gas propaganda: …the world of cheap domestic energy advantage that existed before Queensland joined the LNG export bonanza is not going to come back.

Via The Australian: Fresh gas shortages on Australia’s east coast could emerge from mid-2019 — two years sooner than official forecasts — due to a sharp decline in Victorian offshore gas production piling renewed pressure on domestic prices, a private firm fronted by former BHP executives has warned.

Via the AFR: Shell’s groundbreaking Prelude floating LNG plant off Australia’s far northwest coast has gone “live” ahead of the start of production later this year, chief executive Ben van Beurden has confirmed.

God save us from the ACCC on energy, via the AFR: “Get ready for mass job losses,” Garbis Simonian, managing director of NSW gas user and wholesaler Weston Energy, said of prospects for gas prices to rise beyond the present level of about $10 a gigajoule, which is already straining many buyers.

Via Michael West comes Bruce Robertson is a gas analyst with the Institute for Energy Economics and Financial Analysis (IEEFA): “Australia may soon be importing gas.” What a bizarre, implausible statement.

Via The Australian: “What has happened in the past may just look like a storm in a teacup compared to what is coming,” said Nicholas Browne, Wood Mackenzie director for Asia-Pacific gas and LNG.

From Bartho today: It is a measure of the complexity of the issues, the scale and number of the deficiencies and the difficulty of responding to them that the Australian Competition and Consumer Commission’s inquiry into energy affordability has come up with 56 recommendations.

The ACCC is breathing fire, via The Australian: The competition watchdog has called for radical reform of the ­National Electricity Market to bring down prices, claiming the gouging of households and business consumers has reached an “unacceptable” level with widespread abuse of market power by the larger energy companies.