Parliament House, Canberra
Letter from Australia: ‘Gas-led recovery’ under the microscope
The government has made remarkably little progress on its plans since unveiling the agenda in September 2020
Canberra’s plans for a “gas-led recovery” have been part of the public discourse since May last year, when the National Covid-19 Commission Advisory Board’s proposal for a manufacturing renaissance fed on cheap gas was first leaked to the media. Since then, the plan has drawn a steady stream of criticism from utilities, environmental lobbyists and even upstream players. Adding insult to injury, even the country’s gas market operator has begun to question the tangible benefits of such a plan for the manufacturing sector. Market reset When Prime Minister Scott Morrison first revealed details of the plan, he talked about “resetting” the east coast gas market. He saw his government achieving thi
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
