AUSSIE PRODUCERS PLEDGE MORE GAS
Firms say after meeting with Turnbull they will ensure supply for electricity mart
SYDNEY from 2019 that could trigger industry supply cuts and broad power outages.
“We are a massive gas exporter. It is utterly untenable and unacceptable for us to be in a position where domestic gas consumers cannot have access to affordable gas supply,” said Turnbull yesterday after the meeting.
He said the producers had guaranteed to ensure that gas would be available for the national electricity market.
Australia’s power supply problems made international headlines last week when Tesla Inc boss Elon Musk offered to save South Australia, the country’s most renewable-energy dependent state, from blackouts by installing largescale battery storage.
The South Australian government on Tuesday outlined plans to spend A$510 million (RM1.7 billion) to keep the lights on, including A$150 million to encourage the development of 100MWs of battery storage.
Australian manufacturers have long complained of tight gas supplies and soaring prices as producers have focused on supplying gas to LNG plants that have locked in 20-year export contracts. Reuters