‘These supply agreements help guard against that outcome and are crucial for avoiding a serious problem,’ said energy minister.
The Australian Labor government has struck a deal with two energy companies to prevent a forecasted significant gas shortfall in the short term.
APLNG and Senex will be responsible for supplying 300 petajoules of gas–equivalent to two years of east coast industrial usage–to the domestic market by 2030, of which 140 petajoules will be delivered by the end of 2027.
Federal Energy and Climate Change Minister Chris Bowen said the deal would help preclude projected gas shortages by 2027.
“These supply agreements help guard against that outcome and are crucial for avoiding a serious problem.”
APLNG’s and Senex’s commitments to deliver extra gas are enforceable under the mandatory code of conduct for the gas industry introduced by Labor, which managed to pass the parliament on Nov. 27 despite obstructions from the Greens and…
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