A year and a half after the govt put gas executives in charge of the COVID Commission, and weeks after COP26, we have today a new national plan to subsidise gas pipelines across Australia. Here's the report, lowlights threaded energy.gov.au/publications/2…

1:07 AM · Nov 26, 2021

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From the exec summary "Gas supplies are likely to fall short of domestic ///and export/// demand by the end of the decade if further action to unlock supply and deliver key infrastructure is not taken by industry" Ie - subsidies to prop up bad investments in export terminals
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Notorious non tax paying Santos has made clear that its interest in the Beetaloo is focused on exports. Why on earth would we subsidise that?
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Priorities: "A new pipeline (contingent on Beetaloo development) to connect early stage Beetaloo to existing infrastructure, to be completed by 2025" Given the companies are still exploring in Beetaloo, this will need substantial govt subsidy
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"Expansions to the Amadeus Gas Pipeline (AGP), Northern Gas Pipeline (NGP) and Carpentaria Gas Pipeline (CGP) to transport initial Beetaloo volumes to be completed by 2025."
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In fact, nearly all of the govt priorities are about pipelines from the Beetaloo Basin
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You wont be surprised to learn there is zero mention of "climate" and the handfull of mentions of "emissions" are almost all about gas power, hydrogen made from gas and CCUS/
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The demand scenarios, even the "low demand" scenario, sees large amounts of gas being burnt in all sectors out to 2040. Zero consideration of demand reduction through electrification or efficiency as an alternative to subsidising new gas basins.
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report even tries on "Gas can support decarbonisation and electrification"- if you want to use less gas, well then you're going to need more gas!
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Again, quiet bit out loud: "new gas basins will need to be unlocked by the market [ie subsidised] before 2030 to service existing long-term export contracts and ongoing requirements of domestic customers. ... at least one new basin [needed] for domestic and export requirements."
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A bunch of geniuses built three LNG terminals at Gladstone at the same time and less than a decade after turning on they have the Australian government about to subsidise new pipelines to prop them up.
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How will the subsidies actually work? Through the "Future Gas Investment Framework" energy.gov.au/sites/default/…
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"The Investment Framework provides certainty by laying out the circumstances where the Government may, through targeted co-investment with industry, assist in accelerating critical mid-stream infrastructure projects to... (FID)."
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This "Framework" cost over $3 million and is made up of a few pages of motherhood statements about only stepping in where there is a market failure etcetc. Here is a list of the work they still haven't done. Zero indication of legal authority to spend
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