Manufacturing Australia wants gas pipeline to Moomba on COAG agenda

A
gas pipeline from the Northern Territory and a trading hub in Moomba are needed
to help repair Australia’s broken market, according to Manufacturing Australia.

The
lobby group wants a pipeline built from the NT to serve the east coast market,
an idea that the territory’s chief minister Adam Giles will be pushing at today’s council of Australian Government meeting.

In
a statement, Manufacturing Australia’s executive director Ben Eade said that
the recent federal government green paper on energy acknowledged the
east coast gas market had long been uncompetitive.

“Lack of gas infrastructure, too few options for trading gas and
barriers restricting new producers from accessing and marketing gas are
stifling competition in the gas market,” said Eade.

A positive move would be to build a pipeline from the NT to Moomba and
establish a trading hub there.

“A gas trading hub at Moomba would increase price transparency, provide
more options for trading gas and make it easier for smaller gas producers to
access and individually market gas,” said Eade.

Giles
will request a pipeline be built, citing this as a significant nation building
project.

According
to Manufacturing Australia, a hub at Moomba could be established by the Australian Energy Market Operator and
functioning within 12 months.

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