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Speaker 1: Afternoon. It's been confirmed that Marui gas Field will close.

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Speaker 1: The confirmation came in official documents which have been released

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Speaker 1: and they have redacted exactly when the closure will happen though.

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Speaker 1: Resources Minister Shane Jones is with us high Shane.

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Speaker 2: Hi, good afternoon.

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Speaker 1: Can you tell us when the closure is happening?

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Speaker 2: No, sadly that information exclusively lies with the asset owner.

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Speaker 1: Is it December next year?

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Speaker 2: Anyway? As I said, can you.

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Speaker 1: Rule out its December next year?

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Speaker 2: Now, what I'd say is that we're suffering a decline

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Speaker 2: and the known reserves from those historically large sites and

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Speaker 2: they're working through the process. It's up to them to

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Speaker 2: identify when it will actually cease.

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Speaker 1: Okay, when I mean it looks here's the thing, Shane,

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Speaker 1: this is the rumor that's going around everybody. Everybody's talking

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Speaker 1: about being December next year. If that's the case, when

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Speaker 1: are they going to announce it? Like how far before

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Speaker 1: it actually happens? Because is this something we're going to

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Speaker 1: be dealing with an election time for you?

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Speaker 2: Well, whichever way we cut it, it's a bigger of

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Speaker 2: a problem because we've grown up with gas. I don't know,

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Speaker 2: three to five dollars a unit, and it's declining and

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Speaker 2: for the last six to odd years there's been no

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Speaker 2: incentive to continue. It has an impact, no doubt on

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Speaker 2: methin X, which is an employer. So I don't want

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Speaker 2: to trivialize this the scale of this issue in terms

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Speaker 2: of its impact on Totmuckey, which is why I'm a

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Speaker 2: great supporter for accelerating the Einstein's mining off the coast

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Speaker 2: of Tutmucky.

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Speaker 1: So if Marwi closes, which is going to happen, does

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Speaker 1: that necessarily mean that methin X closes as well?

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Speaker 2: Well. Methadex, the Canadian known firm. They for each winter

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Speaker 2: tend to bulow some of their assets, ie, they sell

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Speaker 2: the gas into the market when there's a shortage for

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Speaker 2: electtionity purposes, and that's led to a god awful squabble

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Speaker 2: between the industrial users, the Crown users, and the electricity users.

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Speaker 2: And the electricity because you and I will pay over

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Speaker 2: the odds to keep the lights on, they tend to

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Speaker 2: dominate the buying power, so we need more gas.

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Speaker 1: Okay, you haven't answered my question though. If Marwi closes,

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Speaker 1: does that necessarily mean method X closes?

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Speaker 2: Yeah? Well, once again, it's really up to the CEO

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Speaker 2: and the managers and where else.

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Speaker 1: Did they get the gas from those shine they'd have

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Speaker 1: to close.

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Speaker 2: Yeah, I'll tell you what. The next person you should

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Speaker 2: have on the show is the CEO of Methodics and

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Speaker 2: let them explain how they're going to run their business.

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Speaker 1: How much gas do we lose from Marwi closing?

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Speaker 2: Well, they've been trying to squeeze as much gas as

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Speaker 2: possible out and what they've found is that as they

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Speaker 2: get to a point where the gas is infused with

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Speaker 2: either too much water hydrogen, it no longer becomes commercial.

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Speaker 2: And let's not dance on the head of a pin.

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Speaker 2: I don't want to ruin your show. The reality is

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Speaker 2: we are struggling to maintain supplies of gas and it's

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Speaker 2: forcing up the cost of industry fuel costs and energy.

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Speaker 2: But I wouldn't want to look. I wouldn't want to

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Speaker 2: say anything on the show that unnecessarily spooks everyone, and

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Speaker 2: it's up to these two commercial people to identify it.

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Speaker 2: And obviously our officials are giving us various options in

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Speaker 2: relation to electricity. I mean, as we decrease our utilization

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Speaker 2: of gas, we're going to have to use more coal.

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Speaker 1: Yeah, well, I think that the truth, Shane. Thank you

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Speaker 1: very much, appreciate it. Shane Jones, Resources Minister. For more

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Speaker 1: from Hither Duplessy Alan Drive listen live and news talks.

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Speaker 1: They'd be from four pm weekdays, or follow the podcast

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Speaker 1: on iHeartRadio