Business
‘Good news for business’: Manufacturers back gas-fired recovery plan – Sydney Morning Herald
Some of Australia’s top manufacturers have backed the federal government’s gas policy, saying it should lower prices and protect local jobs.
The new policy also canvasses federal support for five new gas fields and pipelines to lift supply in the southern-eastern states. The government will also explore options for a gas reservation scheme that could require a certain amount of gas to be retained for local use.
It comes as gas prices have soared to historic highs in recent years, placing enormous pressure on manufacturers that rely on gas for energy or as a feedstock. While Australia is one of the world’s biggest exporters of natura…
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