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Morrison has no power on gas prices - but he could help Australians with energy bills

Nick McKim 22 Jan 2021

The Greens have attacked the Prime Minister’s attempted spin on domestic gas reservation, pointing out that it will have no impact on Australian consumers.

AEMO estimates that gas resources from new basins (such as Narrabri and the Beetaloo) will likely cost between $7.28-$9.87 per GJ to extract. When you consider that gas companies aren’t going to sell at a loss, Scott Morrison’s goal to keep new gas for Australian industry below $6 per GJ is clearly absurd.

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