General
Lifespan of Australia’s longest gas pipeline slashed as renewable energy turns heat up on fossil fuels
The company that owns Australia’s longest natural gas pipeline has slashed the asset’s expected lifespan, saying renewable energy could make the business unviable decades ahead of schedule.
Key points:
- The owners of Australia’s longest gas pipeline want to shorten its expected lifespan by decades
- Renewable energy and carbon pricing are cited as long-term threats to the business model
- The move could add almost $100 million to users’ gas bills over the next five years
In a move that experts say highlights the seismic changes underway in fossil fuel industries including natural gas, the owners of the Dampier-to-Bunbury gas pipeline want to bring its effective end-of-life forward from 2090 to 2063.
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