Gas investors from both Australia and overseas are “terrified”, says Shadow Resources Minister Susan McDonald.
Gas investors from both Australia and overseas are “terrified”, says Shadow Resources Minister Susan McDonald. “They don’t have the confidence to invest in the Australian resources market, Ms McDonald told Sky News host Andrew Bolt.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Effectively a tool of Satan’: how the UK authorities were utterly terrified by TVFor decades, politicians feared that breakfast TV would turn Brits into zombies – or that broadcasting might decimate the workforce. This is the story of our long journey to 24-hour television
Read more »
Australians to face gas bill price hikeAustralian households are facing higher gas bills from today as retailers pass on price rises. AGL, Energy Australia and Origin Energy will increase prices affecting customers in New South Wales, Queensland, Victoria, South Australia and the ACT. The gas industry has criticised the government for failing to have a plan to fix supply shortages as prices increase.
Read more »
Gas companies reap ‘windfall profits’ despite not directly selling to consumersGrattan Institute energy program director Tony Wood says it is undeniable that gas companies make “windfall profits” in some instances but they are not always the ones who sell us gas. “They're the ones who sell the gas to the ones who do sell it to us,” Mr Wood told Sky News Australia. “That's where the government's tried to have an impact on those windfall profits.”
Read more »
Beach Energy’s Perth Basin gas project costs to blow outEstimated reserves at the basin dropped by 11 per cent but CEO Morne Engelbrecht says the firm can fulfil its contractual obligations.
Read more »
Labor has no fix for gas supply shortfall, says industryLabor has been accused by the gas industry of having no plan to address a stark competition regulator warning of a catastrophic gas shortage this decade.
Read more »
Gas prices rise as long-term contracts reflect wholesale price hikeGrattan Institute energy program director Tony Wood says the gas prices which gas retailers pay on their long-term contracts now reflect the significant increase in wholesale prices we saw last year. “That was predicted to come – it was included in the stuff that the treasurer has said last year at his budget speech,” Mr Wood told Sky News Australia. “The deal that the government still hasn't finished really with the producers, which is terrible, hasn't yet had an impact on these gas price increases. “So I think they probably were largely unavoidable unless something someone intervenes in very drastic ways.”
Read more »