THURSDAY 18 JULY, 2013 |
New South Wales Looming Gas Crisis 'Fabricated'
The push to develop more gas fields in Australia has nothing to do with securing
and lowering prices; but everything to do with export bucks says Zero Emissions'
Mr. Wright says domestic supplies are not under threat and regardless of how
many gas fields are developed; pricing will never drop below current levels.
"This is a scare campaign with no basis in fact, the public is being
completely misled with a lot of postulating and huff and puff from the coal seam
gas (CSG) industry, which is desperate to develop as much gas as it can and ship
it out to Asia at high Asian prices."
Once linked to international markets, Mr. Wright says Australians will pay the
"Do not be fooled by the fossil gas miners - they're not here to give
Australia a competitive advantage, only renewable electricity generators can do
that as there is no way to export renewable electricity."
Earlier this month, Mr. Wright also challenged a call from the Australian Gas
Pipeline Industry for more taxpayer support for gas, saying there was no
justification for further lining the coffers of gas companies.
"Gas is dirty, it's not clean, gas is a diversion and not a shortcut.
To throw good money after bad on a sunset industry that is seeing
costs blow up for Australian consumers is wrong and should be given
fossil gas is more emissions intensive than coal when total lifecycle emissions
are taken into account; with fugitive emissions (escaping gas) being the major
"A very low loss rate of only 2% makes fossil gas worse than coal and
fields in the US are showing up to 15% losses, with an average of 4% for
unconventional gas including CSG."
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