PM to meet gas industry but holding firm against threats

but is standing firm against threats by Shell and Woodside Energy to defer or reduce investment.

The NSW parliament, which must also reconvene to impose a 12-month, $125-per-tonne cap on coal used for power generation, will wait to see whether the federal legislation passes before also sitting before Christmas. “The policy will not address falling domestic gas supply and the increasingly critical role of gas in providing dispatchable power.”

“We will not see Australian industries close at the expense of gas company profits – we just won’t. Gas companies are entitled to protect their profits but not at the expense of Australian industry and Australian households.”

Too funny. You know CSG needs lots of wells. Not like the offshore wells. Don’t compare West Coast with East. Recognise they can still profit at $12.

It’s our gas and we should pay little for it. Companies make 1 billion per $10 a barrel.

I’m watching what is happening from overseas as I’m on holidaya I can only say we are Fck embarrassment and we are destroying our way of life if we continue to go down this green Path.

just do not let the gas miners to bully us They r exporting $50bils of gas tax free

Love that Albo and Labor are doing everything they said and promised. Compared the Scummo today lieing at the Robodebt Royal Commission.

gas industry is making economic decisions, albo is making idiological decisions

Good to see AFR return to its roots interested and broadly supportive of business. Any Government that interferes in markets like this raises spectre of regulatory uncertainty which may genuinely hinder future investment. At minimum producers should be compensated PhillipCoorey

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