Another LNG import terminal emerges

With each new proposal, the far more sensible approach of gas reservations diminishes. This time Viva Energy:

Interesting that Viva doesn’t even mention importing gas from other countries. Only “northern fields”. How can it possibly be cheaper to import gas from QLD via liquefaction, shipping and regasification instead of by one simple pipeline?

When one has a gas export cartel and a second gas pipeline monopoly, both controlling all supply.

This builds in its own risks. That gas demand chart is very optimistic under the kind of price scenarios this system delivers. It will hollow itself out in favour of energy storage over time.

Unless it’s protected with various forms of uncarbon pricing!