Re:Japan to invest on nuclear energy in major policy shift
by rgmerk on Thursday December 22, 2022 @03:20PM
(#34098109)
This is hyperbole.
The Australian government is bringing in a price cap of $12 per gigajoule (well above historical gas prices, and well above long-term contract prices for Australian LNG in Japan) for domestic customers.
Whatever the merits of this action, it’s a very very very long way from “nationalising the sector”. The Western Australian gas industry (on the other side of the country on a completely separate grid) has long had a regulation mandating a minimum proportion of WA’s gas must be sold to domestic customers, meaning local gas prices there are unaffected by the global shifts in prices. Heck, that bastion of capitalism, the United States of America, completely banned the export of natural gas and oil until 2015.
The Australian government is bringing in a price cap of $12 per gigajoule (well above historical gas prices, and well above long-term contract prices for Australian LNG in Japan) for domestic customers.
Whatever the merits of this action, it’s a very very very long way from “nationalising the sector”. The Western Australian gas industry (on the other side of the country on a completely separate grid) has long had a regulation mandating a minimum proportion of WA’s gas must be sold to domestic customers, meaning local gas prices there are unaffected by the global shifts in prices. Heck, that bastion of capitalism, the United States of America, completely banned the export of natural gas and oil until 2015.