1
00:00:00,360 --> 00:00:03,080
Speaker 1: You're listening to Mix one O four point nine three sixteen.

2
00:00:03,160 --> 00:00:06,600
Speaker 1: Now the Federal government say that they're accelerating priority gas

3
00:00:06,600 --> 00:00:11,320
Speaker 1: infrastructure projects that will protect Australia from potential energy shortages

4
00:00:11,360 --> 00:00:14,440
Speaker 1: as well as keep pressure on prices and create jobs

5
00:00:14,560 --> 00:00:17,360
Speaker 1: in regional parts of the nation as part of a

6
00:00:17,440 --> 00:00:20,960
Speaker 1: plan for a stronger future. Joining me on the line

7
00:00:21,040 --> 00:00:23,720
Speaker 1: to tell me more about these plans for the Northern Territory.

8
00:00:23,800 --> 00:00:27,760
Speaker 1: Angus Taylor, the Federal Energy Minister, Good morning.

9
00:00:27,480 --> 00:00:30,920
Speaker 2: To you, Good morning Katie, thanks for having me Minister.

10
00:00:31,120 --> 00:00:36,120
Speaker 1: Under this Future Gas Infrastructure Investment Framework Expression of Interest process,

11
00:00:36,200 --> 00:00:39,400
Speaker 1: it's quite a mouthful. There is an additional fifty point

12
00:00:39,440 --> 00:00:43,520
Speaker 1: three million dollars to be invested in seven priority projects

13
00:00:43,560 --> 00:00:47,120
Speaker 1: as well as carbon capture and storage infrastructure. What's in

14
00:00:47,159 --> 00:00:48,400
Speaker 1: it for the Northern Territory.

15
00:00:49,840 --> 00:00:54,800
Speaker 2: Well, there's great opportunity to better connect the Northern Territory

16
00:00:54,880 --> 00:00:57,440
Speaker 2: over to the East Coast and create new markets because

17
00:00:57,440 --> 00:01:01,760
Speaker 2: the Bidloo Basin is a huge opportunity. We can connect

18
00:01:01,840 --> 00:01:06,240
Speaker 2: the Bedloo Basin into the markets in the East. I

19
00:01:06,240 --> 00:01:10,480
Speaker 2: mean Gladston today big user of gas and there's great

20
00:01:10,480 --> 00:01:13,880
Speaker 2: potential for Northern Territory gas to be used by Australians.

21
00:01:13,920 --> 00:01:18,360
Speaker 2: We want, first of all, Australian gas used by Australians

22
00:01:18,360 --> 00:01:23,040
Speaker 2: for Australians, for Australia, and that's why this infrastructure plan

23
00:01:23,160 --> 00:01:27,520
Speaker 2: is so important. Fifty million dollars to support infrastructure development

24
00:01:27,800 --> 00:01:29,640
Speaker 2: to get the gas out of the ground, but most

25
00:01:29,640 --> 00:01:33,119
Speaker 2: important to get it to markets that really count. Look,

26
00:01:33,120 --> 00:01:36,440
Speaker 2: we're in an extraordinary situation right now where international prices

27
00:01:36,440 --> 00:01:43,880
Speaker 2: for gas have just skyrocketed extraordinary levels and it hasn't

28
00:01:43,880 --> 00:01:48,240
Speaker 2: happened in Australia. That means there's enormous potential to build

29
00:01:48,240 --> 00:01:52,240
Speaker 2: out our manufacturing in this country using that gas for

30
00:01:52,280 --> 00:01:56,200
Speaker 2: products like urea and alumina, and we want to see

31
00:01:56,240 --> 00:01:58,360
Speaker 2: more of that. But it does mean we've got to

32
00:01:58,400 --> 00:02:02,240
Speaker 2: have more gas out of the ground and getting to

33
00:02:02,320 --> 00:02:05,640
Speaker 2: the locations where it's really needed for Australian use, and

34
00:02:05,680 --> 00:02:06,760
Speaker 2: that's what this is all about.

35
00:02:07,000 --> 00:02:10,359
Speaker 1: So obviously for the territory, as you mentioned, this feasibility

36
00:02:10,400 --> 00:02:13,960
Speaker 1: study into the most efficient infrastructure to deliver natural gas

37
00:02:13,960 --> 00:02:17,880
Speaker 1: from the Beterloo to the East Coast gas market, as

38
00:02:17,919 --> 00:02:20,960
Speaker 1: well as a feasibility study on options for CO two

39
00:02:21,040 --> 00:02:25,080
Speaker 1: pipelines between Beatloo and Middle Arm in the Darwin region.

40
00:02:26,320 --> 00:02:28,639
Speaker 1: How long is this going to take? How long is

41
00:02:28,639 --> 00:02:30,400
Speaker 1: the feasibility study going to take?

42
00:02:31,560 --> 00:02:34,639
Speaker 2: We want them to move together ahead very quickly. They're

43
00:02:34,639 --> 00:02:36,880
Speaker 2: all different, there's different components beyond each one of them.

44
00:02:37,120 --> 00:02:40,160
Speaker 2: But we're not mucking around here. We want this to

45
00:02:40,200 --> 00:02:42,480
Speaker 2: be done as fast as possible so we can start

46
00:02:42,520 --> 00:02:45,720
Speaker 2: moving ahead with the projects. So the Northern Territory is

47
00:02:45,720 --> 00:02:48,480
Speaker 2: a phenomenal opportunity. It's one of the great gas opportunities

48
00:02:48,520 --> 00:02:53,560
Speaker 2: in the world. It also supplot will provide liquid fuels,

49
00:02:53,600 --> 00:02:57,720
Speaker 2: so petroleum diesel and so on, because it's wet gases

50
00:02:57,840 --> 00:03:00,160
Speaker 2: is called, and we need more of that. I mean,

51
00:03:00,160 --> 00:03:01,280
Speaker 2: you only have to look at the price of the

52
00:03:01,280 --> 00:03:05,359
Speaker 2: bowser to see we need more supply of oil. There's

53
00:03:05,480 --> 00:03:08,079
Speaker 2: great potential for carbon capture and storage off sure from

54
00:03:08,160 --> 00:03:11,920
Speaker 2: Darwin as well to reduce emissions as we're doing it,

55
00:03:12,480 --> 00:03:14,920
Speaker 2: and so we want these projects to proceed as quickly

56
00:03:14,919 --> 00:03:18,440
Speaker 2: as we possibly can. There are lots of approval barriers

57
00:03:18,480 --> 00:03:20,440
Speaker 2: and regulentary barriers we've got to get through, which is

58
00:03:20,440 --> 00:03:22,960
Speaker 2: why the feasibility needs to be done as quickly as possible.

59
00:03:23,280 --> 00:03:26,160
Speaker 1: And I mean, are we in a situation here where

60
00:03:26,240 --> 00:03:28,440
Speaker 1: we are going to see this takeoff. Do you think

61
00:03:28,440 --> 00:03:30,960
Speaker 1: that this feasibility study is going to show that the

62
00:03:31,000 --> 00:03:35,080
Speaker 1: Northern Territory realistically is incredibly well placed when it comes

63
00:03:35,080 --> 00:03:38,400
Speaker 1: to the exportation of our gas, well.

64
00:03:38,280 --> 00:03:42,000
Speaker 2: Yes, and use domestically as well. I mean, we want

65
00:03:42,000 --> 00:03:47,400
Speaker 2: to see more manufacturing emerging in Darwin making use of

66
00:03:47,440 --> 00:03:50,640
Speaker 2: that relatively low cost middle arm is the great opportunity,

67
00:03:50,760 --> 00:03:54,600
Speaker 2: making use of that low cost gas as well as

68
00:03:55,520 --> 00:03:57,800
Speaker 2: opening up export markets. And we do want to see

69
00:03:57,800 --> 00:04:01,520
Speaker 2: that domestic usage, both in the Northern Territory and elsewhere.

70
00:04:01,560 --> 00:04:03,640
Speaker 2: But it does mean we've got to have the gas

71
00:04:03,640 --> 00:04:06,920
Speaker 2: supply to be able to do that. As I say,

72
00:04:07,160 --> 00:04:10,040
Speaker 2: we're uniquely positioned as a country. There's very few countries

73
00:04:10,080 --> 00:04:11,960
Speaker 2: in the world there are in the position we are

74
00:04:12,040 --> 00:04:14,880
Speaker 2: now with very low cost gas relative to the rest

75
00:04:14,920 --> 00:04:17,839
Speaker 2: of the world, and that means manufacturing has a real

76
00:04:17,880 --> 00:04:21,840
Speaker 2: opportunity right now to open up more jobs, more investment.

77
00:04:22,040 --> 00:04:23,360
Speaker 2: That's what we want to see.

78
00:04:23,160 --> 00:04:26,720
Speaker 1: Now, Minister. I know that there are obviously environmental groups

79
00:04:26,760 --> 00:04:31,720
Speaker 1: and others who feel quite concerned about the fracking of

80
00:04:31,839 --> 00:04:34,680
Speaker 1: gas in the Beterloo, and we know that today there

81
00:04:34,760 --> 00:04:38,279
Speaker 1: is in deeda Senate committee hearing here in Darwin happening

82
00:04:38,640 --> 00:04:41,279
Speaker 1: looking into the government's decision to hand out fifty million

83
00:04:41,320 --> 00:04:44,839
Speaker 1: dollars worth of grants looking to explore the be Toloo.

84
00:04:45,240 --> 00:04:49,760
Speaker 1: Does the federal government stand by the handing out of those.

85
00:04:49,560 --> 00:04:54,480
Speaker 2: Grants, Well, we stand by the work we are doing

86
00:04:54,760 --> 00:05:00,320
Speaker 2: to get this industry to grow, to see more in investment,

87
00:05:00,400 --> 00:05:04,599
Speaker 2: and to grow manufacturing jobs and other jobs on the

88
00:05:04,640 --> 00:05:06,320
Speaker 2: back of it. I mean, that's what we want to

89
00:05:06,360 --> 00:05:10,280
Speaker 2: do as a government, that's what we need as a nation,

90
00:05:10,400 --> 00:05:12,520
Speaker 2: and we can do it in a way which is

91
00:05:12,560 --> 00:05:18,520
Speaker 2: increasingly emissions efficient. Carbon capture and steorage is a technology

92
00:05:18,560 --> 00:05:22,080
Speaker 2: that's taking off Illustrator and around the world. Now that's

93
00:05:22,120 --> 00:05:24,440
Speaker 2: an important technology that can help us to do this

94
00:05:24,920 --> 00:05:27,000
Speaker 2: as we bring our emissions down. But the truth is

95
00:05:27,880 --> 00:05:32,159
Speaker 2: that our export markets in Asia cannot decarbonize unless they

96
00:05:32,200 --> 00:05:35,240
Speaker 2: can get access to gas. That is the reality. The

97
00:05:35,320 --> 00:05:38,200
Speaker 2: people who are opposed to gas and ideological grounds largely

98
00:05:38,240 --> 00:05:41,440
Speaker 2: just want to see that industry destroyed. We know we

99
00:05:41,480 --> 00:05:44,040
Speaker 2: can bring down emissions at the same time as having

100
00:05:44,040 --> 00:05:47,680
Speaker 2: a thriving gas industry, and we know that's going to

101
00:05:47,680 --> 00:05:49,720
Speaker 2: be good for the Northern territory, good for jobs, good

102
00:05:49,720 --> 00:05:54,240
Speaker 2: for investment. Those apposed to it. I mean, every project

103
00:05:54,279 --> 00:05:56,480
Speaker 2: needs to meet its environmental approvals and do the right

104
00:05:56,520 --> 00:06:00,040
Speaker 2: thing by the environment, but the blanket opposition with and

105
00:06:00,040 --> 00:06:03,640
Speaker 2: then from some activist groups, Frankly, it just makes no sense.

106
00:06:03,839 --> 00:06:06,120
Speaker 1: Now, I'm Minister, I know your press for time, as

107
00:06:06,160 --> 00:06:08,000
Speaker 1: are we, but you touched on it a moment ago.

108
00:06:08,040 --> 00:06:10,839
Speaker 1: Those petrol prices there're sky high. I mean, in Darwin,

109
00:06:10,920 --> 00:06:12,680
Speaker 1: at the moment for your diesel, the fares that you're

110
00:06:12,680 --> 00:06:15,240
Speaker 1: going to find, it's two dollars eighteen and it goes

111
00:06:15,360 --> 00:06:18,560
Speaker 1: right up there to two dollars twenty four. It seems

112
00:06:18,600 --> 00:06:20,880
Speaker 1: as though the federal government at this stage is ruling

113
00:06:20,880 --> 00:06:23,240
Speaker 1: out a fuel excise or cutting the fuel excise.

114
00:06:24,920 --> 00:06:26,840
Speaker 2: Look, I'm not going to speculate on the budget, but

115
00:06:27,200 --> 00:06:31,640
Speaker 2: I'll mention two things that we are doing. But the

116
00:06:31,680 --> 00:06:34,200
Speaker 2: answer to high price is always the most important answer

117
00:06:34,640 --> 00:06:39,920
Speaker 2: is more supply. That is the most important thing to see,

118
00:06:40,000 --> 00:06:42,919
Speaker 2: and we are working with countries across the world to

119
00:06:43,000 --> 00:06:47,600
Speaker 2: release supply of fuel sixty million barrels. We've agreed. We

120
00:06:47,640 --> 00:06:50,680
Speaker 2: wrote to the United States several months ago proposing that

121
00:06:50,760 --> 00:06:54,760
Speaker 2: this happened. It's happening, and that's incredibly important to put

122
00:06:54,800 --> 00:06:56,880
Speaker 2: down with pressure on prices given the pain people are

123
00:06:56,880 --> 00:06:59,799
Speaker 2: feeling at the bowser. But we also need new basins

124
00:07:00,400 --> 00:07:02,480
Speaker 2: which are going to provide us with you oil. We

125
00:07:02,520 --> 00:07:05,640
Speaker 2: need there was under investment in oil and gas during

126
00:07:05,640 --> 00:07:09,520
Speaker 2: the pandemic that needs to be reverse and we need

127
00:07:09,520 --> 00:07:11,120
Speaker 2: to see more supply coming out of the ground now.

128
00:07:11,120 --> 00:07:13,160
Speaker 2: The Beatle is one of the great opportunities to do that,

129
00:07:13,200 --> 00:07:15,360
Speaker 2: and that's why it's so important that happened as quickly

130
00:07:15,360 --> 00:07:15,960
Speaker 2: as possible.

131
00:07:16,440 --> 00:07:20,080
Speaker 1: Well, Angus Taylor, the federal Federal Energy Minister, we really

132
00:07:20,120 --> 00:07:22,240
Speaker 1: appreciate your time this morning. Thanks so much for having

133
00:07:22,280 --> 00:07:23,200
Speaker 1: a quick chat with us.

134
00:07:23,320 --> 00:07:24,520
Speaker 2: Good on you, Katey, thank you.

135
00:07:25,040 --> 00:07:27,440
Speaker 1: That is as I said, that is the minister there

136
00:07:27,480 --> 00:07:30,920
Speaker 1: for industry energy and emissions reduction, I should say, Angus Taylor,

137
00:07:31,400 --> 00:07:33,160
Speaker 1: good to have him on the show. That number if

138
00:07:33,160 --> 00:07:35,440
Speaker 1: you do want to call through eight nine four one

139
00:07:35,760 --> 00:07:38,960
Speaker 1: one four nine. Plenty more on the agenda this morning

140
00:07:39,040 --> 00:07:39,920
Speaker 1: after ten o'clock