Australia Planning National Gas Network

Australian Mining reported that Ian MacFarlane, Australia’s minister for industry, has announced plans to build a national gas network. It could help prevent gas shortages and price hikes in New South Wales.

As quoted in the market news:

MacFarlane said part of the plan would include a 1000km pipeline from Alice Springs to Moomba in South Australia, at a cost of $1.3 billion, linking the Northern Territory to the east coast gas market.

Combined with the pipeline currently under construction from Darwin to the Browse Basin, the national gas network would allow Western Australian gas to be sold into the domestic east coast market.

Click here to read the full Australian Mining report.