MARKETS

Govt plans for gas-fired recovery won't fix supply issues

AUSTRALIA's east coast is facing imminent severe gas shortages and government work to inspire a 'gas-fired recovery' may be too little, too late, and may in fact disincentive exploration in the very basins it is seeking to develop.

Helen Clark

Wallumbilla gas hub

Consultancy EnergyQuest has welcomed the government's support as a general rule but does not see many of the moves announced in the budget supporting the market, as Victoria's huge offshore basins decline...

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