The Epoch Times Australia is funnelling $80 million into gas projects in a bid to keep domestic prices down while supplies squeeze worldwide.
Following its invasion of Ukraine, Russiaâthe worldâs biggest natural gas exporterâhas been sealed from international supply lines due to targeted sanctions aimed at key Russian exports.
Coupled with a gas shortfall in Australia which is expected for later this year, the federal government is rushing to bring new gas into the market, including $50.3 million (US37 million) for seven infrastructure projects across Australiaâs east coast and the Northern Territory, and a $32 million (US$24 million) loan to accelerate the Golden Beach project near Victoria…
