|Prime Minister Scott Morrison has called for a "two-way street" between gas buyers and sellers to ensure a "competitive" and "transparent" energy market leads Australia's recovery effort out of the coronavirus pandemic. "We need a competitive market that allows for fair bargaining between gas buyers and sellers," Mr Morrison said.
Mr Morrison said the government would create the conditions for "an open and transparent trading hub" and act as "an honest broker" to match supply and demand. "We will also move immediately to extend the heads of agreement with the east coast LNG exporters and ensure they meet their end of the bargain to provide competitively priced gas to the domestic market," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
ScottMorrisonMP Why does the PM always rely on commodities to lift Australia, does he have no plan of his own?
ScottMorrisonMP
ScottMorrisonMP How about dropping the price to domestic users
ScottMorrisonMP Save Victoria ScottMorrisonMP that should be your only concern right now!
ScottMorrisonMP gas led covid recovery cant be serious ffs..he lives in the pockets of miners, the bubbles of Hillsong business and the hub of Lib Nat Albanians..prepare consumers and farm lands for the big ripoff again..
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX lifts on mining rebound, Macquarie first-half earnings to fall 35pcAfter last week's bruising tech sell-off, mining and energy stocks help the Australian market recover some losses, while Macquarie Group flags its earnings will drop. . Of course. Because the global economy is booming! .
Source: abcnews - 🏆 5. / 83 Read more »
PM threatens private sector with government intervention in gas market | Sky News AustraliaThe Prime Minister has threatened the private sector the government will forcibly intervene in the gas market and build a new power station in the NSW Hunter Valley unless it can come up with a plan and funding over the next seven months.\n\nScott Morrison will today call for the exploration of more gas reserves including the creation of a new gas hub in Queensland.\n\n'As we turn to our economic recovery from COVID-19, affordable gas will play a central role in re-establishing a strong economy we need for jobs growth, funding gas services and opportunities for all of us,' Mr Morrison will say in a speech.\n\nThe move is in response to the planned closure of the Liddell coal-fired power station, slated for 2023, and the significant cost it would have on Australia's energy market as the government seeks to pay down debt accrued as a result of the coronavirus pandemic.\n\nImage: News Corp Australia\n\n I would've made it 7 days, this has gone on for way too long Yeah, sure they will ! Morrison does a lot of talking but no one takes much notice these days. If the government were to commission a power station, it would be years away. If new legislation was required. It would not pass the senate, and never happen. How quickly Libs flick the switch to socialism when their precious market fails taxpayers again!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Chinese investment in Australia nosedives as distrust between two countries growsNew figures show Chinese investment in Australia is continuing to plummet amid growing tension between the two countries and companies from the mainland turning towards emerging markets. Not between the countries Between Morrison/Trump and China Good ScottMorrisonMP You did it!!! Well done mate
Source: abcnews - 🏆 5. / 83 Read more »