Author Archive: Bruce Robertson

Investment Analyst Bruce Robertson has been a fund manager and professional investor for over 32 years. He has worked with Perpetual Trustees, UBS, Nippon Life Insurance and BT and is an active participant in the national debate on energy issues in Australia.

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 […]

October 26, 2018 Read More →

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 […]

IEEFA Update: Australia’s National Natural-Gas Scandal

An Oligopoly Profiting at the Expense of Businesses, Households, and Industry

The alleged gas “crisis” in Australia is patently not about supply. It is about systematic abuse by a handful of gas oligarchs to reap giant profits and rig prices. The creation of such a “crisis” is as politically convenient for politicians as it is economically and financially advantageous for the handful of companies running this […]

October 11, 2017 Read More →

IEEFA Update: Australia’s Natural-Gas Cartel Is Bleeding Australia

A Group That Extracts Extraordinary Prices Domestically, and in the Face of a Global Glut

Debate rages after an IEEFA spot-price analysis showing Australians consumers paying more for Australian natural gas than their Japanese counterparts who import it as a liquefied product. It’s hard to overstate the bizarre nature of the gas market in Australia. Only recently, gas was cheaper in Australia than in the U.S. But the development of […]

August 29, 2016 Read More →
IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

A Financially Weak Pipeline Project Hampered by a Global Glut in Liquefied Natural Gas

We’re publishing a report today questioning the economics and financial footing of the proposed $800 million North East Gas Interconnector (NEGI) in Australia. The report—“Pipe Dreams: A Financial Analysis of the Northern Gas Pipeline”—also examines the implications of awarding an unregulated monopoly over the pipeline to Jemena, a Singaporean and Chinese government-owned company, via State […]