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Stephen Bell

Industry needs a $4 gas plan now

Gas at $4 a gigajoule would generate tens of thousands of manufacturing jobs and still be a competitive market. But it needs to happen fast.

Fixing Australia’s east coast gas crisis is not only in the national interest, it’s an urgent national priority. COVID-19 has triggered a rethink on many fronts, including how we should use our abundant gas supplies to reduce the cost of energy, support jobs and fast-track our economic recovery once the pandemic subsides.

In moving the country’s growing energy demands to renewables, gas will play a key transitional role to a new energy order, where national policies and priorities, sovereign economic capacity and home-grown goals and prospects are put first.

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Stephen Bell is the chief executive of petrochemical company Qenos.

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    Original URL: https://www.afr.com/companies/energy/industry-needs-a-4-gas-plan-now-20200610-p551a4