Fury over Santos' gas grab
Manufacturers say Santos's $US18.5b export venture has broken a promise not to suck too much gas away from the domestic market.
Manufacturers say Santos's $US18.5b export venture has broken a promise not to suck too much gas away from the domestic market.
Arrium co-bidder SIMEC expects more volatility in iron ore prices over the next couple of years but no big tumble.
Shell has responded to the political heat around east coast gas with a commitment to make gas available to east coast buyers.
Santos's $US18.5 billion GLNG project in Queensland will swallow about 20 per cent of the gas expected to be available this year for east coast users, ramping up pressure on the project to increase domestic supplies.
French energy major Engie will start the week-long process to close down its giant Hazelwood coal fired power station late this week.
Santos and other gas exporters should buy cheap LNG from overseas to fill their supply contracts and make more gas available for local users...
"We've reached the point of no return on this," says Manufacturing Australia executive director Ben Eade.
Manufacturers say the Prime Minister's action plan for gas will bring little relief from high prices or increase supplies in the short term.
General Motors Holden has put its 122-hectare manufacturing site in Adelaide up for sale.
The two bidders for the Arrium Australia operations are understood to be working on plans to upgrade a small co-generation power plant insid...
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