New Australian resources minister calls for increased coal, gas and uranium

Time:2020-02-14 09:26:53      Source:Xinhuanet.com

Australia's new minister for resources has called for the country to increase gas, coal and uranium exports.

Keith Pitt, who was promoted to the governing Coalition's Cabinet earlier in February, vowed to use his new role to promote Australia's energy exports in an interview with The Sydney Morning Herald recently.

He urged state governments to lift moratoriums on exploratory gas drilling, saying that allowing the practice would drive down the price of energy for households.

"If we don't explore and develop new gas supplies, we are consigning a lot of our manufacturing sector to outsourcing overseas and making families and businesses pay more for energy supplies," Pitt said.

Prime Minister Scott Morrison in January announced a 2-billion-Australian dollar (1.34-billion- U.S. dollar) energy deal for New South Wales (NSW) with the stipulation that the state must inject 70 petajoules of gas into the east coast market.

Pitt threw his support behind a gas mine in northern NSW proposed by Santos, Australia's second-largest gas and oil producer, which could provide more than half the state's gas demand.

"Of course with any new gas development we must ensure that our precious water resources are protected, that high value farm land is protected and that local communities and local business get real benefits and real jobs," he said.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
Index RMB/t WoW WoW% Date
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