And here is where Peter Dutton admits Australia can meet its export commitments, and serve the domestic market, with existing gas wells. (Although the Coalition is still saying that the second part of this plan is to open more gas wells, which doesn’t make sense because they have already admitted we don’t need more gas.)
We will ensure – that gas is included in the Capacity Investment Scheme. We will have a $1 billion critical gas infrastructure fund. When you look at all of these policy measures together, what you see is a carefully calibrated plan to ensure we get more gas out of the ground. That means gas which will be used, first and foremost, for the Australian market – but also for export. One of the conditions that we put on our Australian gas for Australia first policy is that we will honour all the volumes under the foundation contracts to our trading partners – that’s absolutely key. We have seen Australia get a bad reputation for sovereign risk. A key trading partners have looked at the government and started to question the reliability of Australian supply. We will reverse that which is why we have been upfront from the very beginning that the plan we would put in place will honour those relationships and the volumes under those contracts. The more gas we can export but more gas for Australians so we can get prices down and that means households pay less for the gas they use at home and for all of us when we go shopping, whether it be for food produce, materials, then the cheaper gas prices paid by industry flows through. It is a laser focus. Everything is about cost of and that is what this policy is about.
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