{"id":322555,"date":"2025-11-25T08:31:25","date_gmt":"2025-11-24T22:31:25","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=322555"},"modified":"2025-11-25T08:31:29","modified_gmt":"2025-11-24T22:31:29","slug":"ed-husic-breaks-ranks-with-labor-to-demand-an-end-to-profiteering-by-exporters","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=322555","title":{"rendered":"Ed Husic breaks ranks with Labor to demand an end to \u2018profiteering\u2019 by exporters"},"content":{"rendered":"\n<p>Ed Husic has demanded strong action to end \u201cprofiteering\u201d among gas exporters and to force them to sell cheaper fuel for Australian use, as the former industry minister broke ranks with his Labor colleagues to support an independent MP\u2019s motion regarding energy prices on the east coast.<\/p>\n\n\n\n<p>In a stinging rebuke to what he called&nbsp;<a href=\"https:\/\/www.theguardian.com\/australia-news\/2025\/jul\/01\/labor-is-open-to-fresh-options-to-secure-east-coast-gas-supplies-is-it-about-to-make-a-radical-shift\">Australia\u2019s \u201ctimid\u201d approach to gas market regulation<\/a>, Husic delivered an impassioned speech in parliament where he said \u201ctinkering at the edges\u201d of reform would not fix a \u201cfundamentally distorted\u201d gas market.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe do not have a gas supply problem, we have a gas export problem,\u201d Nicole Boele said.<\/p>\n<\/blockquote>\n\n\n\n<p>Husic said higher prices and uncertain supply for domestic use was \u201cnot because we don\u2019t have enough gas, but because the gas that comes from beneath Australian soil is prioritised for customers offshore rather than customers onshore\u201d.<\/p>\n\n\n\n<p>Australia exports three-quarters of the gas it produces, and the energy regulator has warned of an east coast gas shortfall by the winter of 2028.<\/p>\n\n\n\n<p>\u201cOver decades, governments have entrenched this, largely by inaction, hoping the problem would go away,\u201d Husic said.<\/p>\n\n\n\n<p>\u201cOur gas, our prices: that should be the bedrock of our thinking.<\/p>\n\n\n\n<p>\u201cThe cost of doing business in this country for multinational gas firms is that they must provide a gas price in line with historic pre-pandemic levels, and this should apply to any new field that\u2019s opened too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labor MP backs independent\u2019s call for cheaper energy on the east coast by forcing producers to sell cheaper fuel for Australian use.<\/p>\n","protected":false},"author":22,"featured_media":322556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,35,7906],"tags":[5982,18858],"class_list":["post-322555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-breaking-news","category-fossil-fuel","tag-canberra","tag-oil-and-gas-exports"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/322555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=322555"}],"version-history":[{"count":1,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/322555\/revisions"}],"predecessor-version":[{"id":322557,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/322555\/revisions\/322557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/322556"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=322555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=322555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=322555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}