News

Industry calls for independent inquiry into gas supply

THE manufacturing and chemical industries have hit out at the Federal Government's energy white paper, calling for an independent inquiry into domestic gas supply.

But the industry, which has long held a view that some of Australia's gas production should be reserved for manufacturing, was unlikely to get the inquiry.

In more than a year that the government has worked towards the final paper release on Thursday, Resources Minister Martin Ferguson has repeatedly ruled out a gas reservation policy.

The white paper reflected his views, saying any reservation policy would not contribute to lower prices or supply certainty, and would rather hinder the development of a better gas market.

"Beyond concerns about its impact on market efficiency, a national reservation policy would also be damaging to the nation's investment reputation," the paper reads.

Topics:  federal government




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

BUNDY AUDITIONS: Do you have the X Factor?

Samantha Jade is the 2012 X Factor winner.

Are you auditioning at the X Factor today?

5600 jobs up for grabs as Census looms

Field officers being sought across Queensland

Latest deals and offers

ACF take Minister to Court

ACF chief executive Kelly O'Shanassy

The Australian Conservation Foundation go to court to stop Carmichael mine.

Yellow Ribbon Week

Celebrating Yellow Ribbon Week 2016.

Dash Cam: Roo takes on car

Kangaroo leaps car.

Kangaroo could have kept going, jumps car instead.

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances