Ian said:

party_pants said:

On other topics, I have decided we need a single desk arrangement for Australian natural gas. A bit like the old Wheat or Wool boards. Australian gas producers will only sell gas to the “Australian Natural Gas Board” (or similar approved), and the Board will handle any export sales, and what proportion will be reserved for domestic use and at what wholesale price.

Obviously existing contracts will have to be honoured first. but eventually any contract renewals or any new projects will end up going through this new arrangement.

If this scares away FDI into new gas projects, the government can fund them itself.

Matt Bevan’s latest If You’re Listening does a very good job of explaining the history of our pathetic take of profits from the sale of our gas going back to being burned by Japan over wool sales.

Yes. I like If you are listening. Matt puts together a concise explanation quite well.