Friday, June 8

Who owns Australia's gas?

It’s on for young and old between the gas supply industry and the major gas users, with the latter continuously ratcheting up the heat.

In fact, it is a three-cornered contest now because both the federal government and the Coalition have signalled that they don’t want to intervene to reserve gas supplies for domestic use while the users are enlisting heavy hitters, such as Dow Chemical’s main man, Andrew Liveris, to tell them they are wrong.

In a new fusillade, the Perth-based DomGas Alliance, which started life as a Western Australian lobby group but is now chasing its concerns nationwide, has launched a report claiming that Australia is the only country in the world allowing “international oil companies to access and export natural gas without prioritising local supply.”

It sharpens its thrust by adding that Australia is also the only gas exporting country to experience shortages and sharply rising prices.

In a national economic environment where, no matter how often Wayne Swan exhorts us all to be happy, there are a large number of people unconvinced that they are sharing in the creation of new wealth and where manufacturers are obviously in strife, DomGas is pressing hard to get political knees to jerk at the state and federal level.

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Business Spectator

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