A surge in demand for LNG in China is dragging gas prices upward, which spells trouble for the government's effort to keep a lid on domestic prices.
No one disputes that there is a lot of shale gas in the Cooper Basin -- but with falling oil prices, it might not be worth the cost of bringing it to the surface.
APA wants to build a billion-dollar pipeline to connect the gas supply in the Northern Territory with the east coast. And that might not be such a bad idea ...
If NSW falls short of gas then the blame would seem to lie with more than just NSW environmental regulators. Demand for gas might actually go down rather than up.