Connect with us

Business

Government advised to underwrite new investment in gas pipelines – Sydney Morning Herald

New gas pipelines would gain taxpayer support to increase energy supplies to industry and households under plans put to Prime Minister Scott Morrison from his top business advisers.

Published

on

Mr Power said one of the proposals from the advisory board’s manufacturing taskforce was for a “guaranteed off-take through infrastructure” to boost supply.
“In other words that there will be sufficient demand in that pipeline going forward,” he told the Senate committee.
“Many of our gas pipelines are too small for the job that they’re currently doing and that’s pushing the tariffs exceedingly high and causing an increase in the cost of energy to Australian households and businesses.
“So wha…

Click here to view the original article.