Search Results for 'Bruce Robertson'

November 7, 2018 Read More →

Treasurer rejects $13-billion bid for Australia’s biggest gas pipeline provider

2GM 873 AM: Federal Treasurer Josh Frydenberg is stepping in to stop a Chinese company from buying Australia’s biggest gas pipeline provider. CK Infrastructure has been told its $13-billion bid for APA Group isn’t in the national interest. Energy Economics analyst Bruce Robertson tells Ross Greenwood there’s a clear reason to block the deal. “APA […]

Posted in: IEEFA In the News
November 6, 2018 Read More →

IEEFA Australia: Energy Market Commission should amend national gas laws to curb massive price hikes

IEEFA and Environmental Justice Australia urge removal of exemption allowing Jemena to pass high pipeline costs on to consumers

Nov. 7, 2018, SYDNEY (IEEFA): The Institute for Energy Economics and Financial Analysis (IEEFA) and Environmental Justice Australia (EJA) are seeking an amendment to Australia’s national gas rules to ensure energy prices become affordable and market competitive in Australia. IEEFA and EJA lodged the amendment request with the Australian Energy Market Commission (AEMC) which makes […]

October 26, 2018 Read More →

IEEFA Australia: In need of a domestic gas reservation policy to bring electricity bills down

Government’s new move to fix retail prices won’t solve the problem without action to reduce costs of distribution and generation

SYDNEY— This week the Australian government announced a new policy to fix retail electricity prices, as a way to reduce increasingly high electricity bills for people living on the east coast,  but failed to enact additional reforms including a much-needed national energy policy. Prime Minister Scott Morrison and Energy Minister Angus Taylor’s announcement demonstrates that […]

September 28, 2018 Read More →

The $13 billion deal Australians should be concerned about

Daily Telegraph: Australians are just starting to realise how much of the country’s electricity and gas assets are owned by Chinese-linked companies and the huge dominance they now have. The latest move from Hong Kong-based company Cheung Kong Infrastructure (CKI) to take over Australian-owned company APA will give it control over 60 per cent of […]

Posted in: IEEFA In the News

IEEFA op-ed: Gas oligopoly is gouging Australia

Regulators appear to be looking the other way

SYDNEY — When it comes to gas prices, the Australian Competition and Consumer Commission (ACCC) is acting like a criminal judging its own trial. It’s supposedly investigating the east coast gas market and put a report out about it last week. The trouble is there is no east coast gas market – the ACCC has […]

IEEFA Australia: A gas cartel run amuck

Producers continued to starve the domestic market while making super profits off consumers

NEW SOUTH WALES, Australia — “Australia may soon be importing gas.” What a bizarre, implausible statement. Australia is the second largest exporter of gas in the world. Why would we ever import gas? Our very own Department of Industry, Innovation and Science ranked Australia’s market share at 20 per cent of world gas exports in […]

July 11, 2018 Read More →

Gas Debacle – The truth behind SA’s power price surge. Why we pay the highest price in the world. and Today/Tonight Adelaide: Australia is destined to become the world’s biggest exporter of gas, writes analyst Bruce Robertson. Importing gas to solve the challenge of rampaging gas prices is ludicrous and only paves the way for the gas cartel to further profiteer at the expense of consumers. The answer is clear; a “domestic reservation […]

Posted in: IEEFA In the News
June 14, 2018 Read More →

Hong Kong giant launches $13 billion bid to take over Australia’s largest gas network Hong-Kong based energy giant CK Infrastructure has launched a $13-billion takeover offer for Australia’s largest gas network. Australian gas distributor APA received the proposal this morning, with CK Infrastructure offering a 33% premium at $11 a share. APA supplies gas to over a million Australian homes and controls 15,000 km of gas pipelines nationwide. […]

Posted in: IEEFA In the News
May 24, 2018 Read More →

ATO Investigating Jemena Over Financing for NT-to-Queensland Gas Pipeline

ABC News Australia: Jemena has told the ABC it gained the exemption because the prices it agreed upon with NT Government that it will charge were competitive. “Jemena took part in an 18-month competitive tender process run by the Northern Territory Government to win the right to build, own, and operate the Northern Gas Pipeline,” […]

Posted in: IEEFA In the News
May 10, 2018 Read More →

LNG Giants in Australian Tax Crosshairs

World Gas Intelligence ($): LNG producers in Australia are under attack for paying too little tax. Global giants including Royal Dutch Shell, Exxon Mobil and Chevron are helping turn Australia into the world’s biggest LNG exporter, but critics say they are paying far less tax than they would in other parts of the world (WGI […]

Posted in: IEEFA In the News