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The Minister of Resources has informed gas producers that the federal government intends to withdraw “gas triggers” to limit their exports, unless they can prove that the country is not facing a gas shortage by 2023. Key points: The federal government has warned it will withdraw the “gas trigger” if supplies for next year are not guaranteed Gas industry says Australia is not facing a gas shortage, contrary to warnings Government will work to reform gas triggers and renew them by 2030 Madeleine King said she would issue a notification to suppliers, the first step towards enforcement of the Domestic Gas Supply Mechanism, directing them to provide a detailed response on supply and export forecasts for next year. Consumer watchdogs have warned that despite Australia’s abundant gas supplies, the outlook for next year is “very concerning”, with most of that supply slated for export. It warns the government to consider intervention or risk a gas shortage by 2023. The federal government has th

The real legacy of the Sydney Olympics can be found overlooking the beautiful Queensland coast — and some say it should provide inspiration for the organizers of Brisbane 2032. The twelve 57 sqm two-bedroom, one-bath spa villas from Sydney 2000 have become a getaway for visitors to the Philippa Thompson caravan park at Rainbow Beach, north of the Sunshine Coast. Ms Thompson says after hosting thousands of holiday makers for 21 years, they remain in good working condition and only need occasional updates and additions, and are working on wear and tear. Pre-fabricated buildings were shipped to locations across the country and the athlete’s village of Newington in Sydney was converted into apartments. The whole area turned into a new residential community. Minor additions have been made to the villa over the last two decades. ( provided ) Ten years before hosting the Olympics and Paralympics, architects say the village that will host most of the more than 23,000 athletes and officials a

The Australian Energy Market Operator (AEMO) has stepped in to prevent a potential gas shortage in Victoria, the state’s energy minister said. Key points: Energy market operator AEMO says guaranteed gas supply will ensure transparency in the market The Victorian government has ruled out lifting the wholesale gas price cap in response to pressure on supply State opposition calls for reduced gas exports from Victoria Victorian Energy Minister Lily D’Ambrosio told ABC Radio Melbourne that AEMO triggered a gas supply guarantee on Tuesday afternoon, as reserves at storage facilities in the state’s southwest continued to fall. “That means they will have greater visibility of gas sales and supply across markets including Victoria but in other states, to get transparency here,” he said. “When you get more transparency in the market, the market starts to change its behavior, and to be honest, the market has slipped too much here. “More visibility means, as it did in April [when the guarantee wa