Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The energy minister just made a very valid point: $1 per gigajoule is $10 per megawatt hour, so it is a very significant impact on electricity prices.

We have seen additional provision of gas. An announcement was made on 7 September, just a few days ago, that Santos and the GLNG consortium will supply 30 petajoules of gas to the east coast in 2018-19. The following day, Santos and Origin signed a new agreement to continue the supply of ethane gas to Qenos of up to 27 petajoules between now and the end of 2019. So there is lot of additional material coming in. All of that has to be assessed and considered. When the minister has considered all of that material and appropriately consulted, then he can make the determination in accordance with the mechanism.

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