These guys are something else.
Origin is an original East Coast gas cartelier, has squeezed NSW to death with Eraring subsidies, has tried to dominate LNG imports, and put competing hydrogen out of business, as well as funding the Grattan Institute to corrupt the energy debate.
Origin Energy chief executive Frank Calabria has urged policymakers to focus urgently on energy security and support new gas power generation and supply as the utility posted a bigger-than-expected rise in first-half profit.
Mr Calabria said including gas power in a scheme that drives investment in new generation would be critical to ensure electricity supply remains reliable through the transition to lower-carbon energy.
…“There is an urgent need to address gas supply challenges, there is a significant risk of shortfalls in coming years.”
Mr Calabria said gas storage, import terminals, pipelines and new field development were all needed to help stave off potential deficits.
I’m sure he does want import terminals and the pipelines to move it around. Then he can restrict local supply even more and drive the local price to import parity at $27Gj.
ORG profits will go mad as the nation crashes into poverty.
East Coast domestic reservation and an export levy on every cent above $7Gj now.
