<
https://reneweconomy.com.au/slow-moving-train-wreck-gas-prices-triple-since-woodside-cut-special-deal-with-state-government/>
"Wholesale Western Australia gas prices have tripled since August 2020 after
the state allowed its domestic onshore gas reserve to be exported by Woodside
through its North West Shelf export terminal, according to a new analysis.
A report by The Australia Institute reviewed the wholesale gas price in the
four years since the Western Australian state government gave Woodside, one of
the world’s biggest oil and gas producers, approval to tap its domestic gas
reserve for export.
It says the state government’s decision plugged the average Western Australian
household directly into the international gas market – repeating the same
mistake that occurred on the east coast before large price increases made
headlines.
Under the arrangement, Woodside was given an initial five-year approval to
export 250TJ a day through its North West Shelf (NWS) export terminal,
equivalent to almost a quarter of Western Australia’s entire domestic gas
demand of 1,100TJ a day.
Mark Ogge, a co-author on the report, described the NWS as a “monster that is
going to suck up as much gas as it can from wherever it can” that had flow on
effects for Western Australian households who could once rely on low-cost gas.
“It’s a slow-moving train wreck,” Ogge said. “It’s astonishing that the Western
Australian government could make exactly the same mistake as east coast
governments, exposing their constituents to global gas prices”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
