Day

October 1, 2017

1
Oct
2017

Gas Crisis & Fly Me to the Moon

My Commentary last Thursday 28 Sept questioned whether the “agreement” between Turnbull and three big gas exporters to have the latter supply additional gas domestically has solved the gas crisis. Yesterday the media took up the issue, with an editorial in Weekend Australian suggesting that Turnbull has made “an interim breakthrough this week when Australia’s three big gas exporters agreed to fix the ‘emergency’ shortfall that threatens to send prices soaring and shut down factories. A formal agreement in the coming week with Santos, Origin Energy and Shell appears likely to avert dire shortages next year and in 2019. The deal will avoid the need for the government to impose drastic controls on overseas shipments” (see Oz Editorial on Energy Crisis)