Letter from Australia: Gas-fired recovery hits turbulence
The Australian government’s vision is at risk of unravelling under intense scrutiny
The administration of Australian prime minister Scott Morrison unveiled its ‘gas-led’ recovery plan as recently as May, but it is already under withering and effective fire—from both some expected and some less-familiar foes. Australian energy minister Angus Taylor has called for greater gas production that is ringfenced for the local market, as well as increased consumption of the fuel within the power sector. At first glance, this sounds exactly the direction the country should be taking, given it is forecast to see a gas supply shortfall within the next five years. But there is a catch. The minister’s plan, it seems, has not only infuriated the environmental lobby, but also upset the upst
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift