Get the latest tech news
Australia out of natural gas, pays gas companies to export its reserves
Experts say time has run out to develop new sources of supply to avert crippling shortages.
“A single LNG import terminal can supply more gas than the entire Queensland-to-southern pipeline, which is already stretched to capacity during peak demand,” Wilkinson said. Mining billionaire Andrew Forrest’s privately owned Squadron Energy is building what could become Australia’s first LNG import terminal in Port Kembla on the NSW South Coast. The first gas was initially planned to arrive by this winter, but a final investment decision on the project has since been delayed due to a drawn-out environmental approval process and requests from the state government for more information on its potential local impacts.
Or read this on Hacker News