Laughing gas

The gas sector is concerned about the impact of the price of their product doubling or tripling, so much so it is asking for new government incentives. It's comical.

I did not realise that the gas industry were such funny people until I read about the Australian Gas Pipeline Industry’s recent contribution to the energy and climate change policy debate. 

It describes a ‘crisis’ in the gas industry caused by gas prices doubling or tripling in the next few years as prices rise to world parity once export facilities are completed. 

Almost every company would love to see the prices they are paid for their products triple, but not the gas industry – this is somehow a catastrophe for them. The proposed solution to this 'crisis' of rapidly rising revenues is to ask the government to mandate further incentives for the gas industry – on top of their windfall gains.   

I agree that residential and business customers are facing a ‘crisis’ of how to afford these skyrocketing gas prices, but only a comedian would suggest that gas suppliers are the ones in need of financial assistance.

Jonathan Upson is a project development and government affairs manager at Infigen Energy.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles