News

Experts warn investing in gas will hike up prices more

The LNG FUKUROKUJU ship is purpose built to carry LNG from the APLNG facility at Curtis Island to Kansai Electric facility in Japan.
The LNG FUKUROKUJU ship is purpose built to carry LNG from the APLNG facility at Curtis Island to Kansai Electric facility in Japan. APLNG

A LEADING climate institute has warned against new investment in gas, claiming it would further drive up prices.

The Climate Council's Pollution and Price: The cost of investing in gas report released yesterday largely blamed international LNG exports for driving up domestic gas prices. The report, which was released a day after the second showdown between chiefs of Curtis Island plants and the Prime Minister, echoed calls for stricter regulations around exporting. Climate councillor Andrew Stock said Australia's LNG exports were pushing up gas prices because they link domestic gas to "volatile" world oil prices.

"Australians need to know that more gas doesn't mean cheaper power. If our government places more reliance on gas power instead of renewables in the domestic market all it will do is drive up electricity bills more," he said.

The report spruiked renewable energy as a cheaper form of power generation compared to gas.



Five recent closures of Gladstone food outlets that shocked us all

Gladstone CBD from The Oaks Hotel roof, Febuary 17, 2015.

Photo Mike Richards / The Observer

BUSINESSES in Gladstone are closing down at an alarming rate.

BREAKING: Major food chain in Gladstone closing down

A MAJOR food outlet in the Gladstone region located at the Gladstone Valley Shopping Centre has announced today it will close its doors by the end of the week.

MAJOR food franchise to close doors this week.

'Uncommercial': Gladstone project slammed over $3.9B trouble

NOVEMBER 2014: On site at WICET.

WICET woes used as example of bad investment.

Local Partners

Silence of the Lambs director Jonathan Demme dies

TRIBUTES have poured in for Jonathan Demme, the Oscar-winning director of Silence of the Lambs and Philadelphia, who has died aged 73.

Sophie Monk casting a wide net as Bachelorette

Sophie Monk is Australia's new Bachelorette.

Producers ‘inundated’ with calls as they widen age range of suitors.

Viewers officially bored of Aussie biopics

House of Bond’s Ben Mingay as Alan Bond with Rachael Taylor as Diana Bliss.

Latest biopic House of Bond a ‘flop’ as reality TV dominates screens

Bill Cosby: Embattled comic breaks silence on future

Cosby said he wanted to get back on stage doing comedy.

Shania Twain to drop first album in 15 years

Shania Twain

Shania Twain is about to drop her first album since 2002.

What's on the big screen this week

Dave Bautista and Pom Klementieff in a scene from Guardians Of The Galaxy Vol 2.

GUARDIANS of the Galaxy is back with even more laughs.

Grinspoon is happy to help with flood appeal

BACK ON THE ROAD: Grinspoon remain happy to assist with Lismore's flood recovery.

"Lismore is the birthplace of Grinspoon... we owe that community"

Couple gets rich renovating run-down city homes

RENO RADICALS: Baden and Nelson Marino-Hall have turned three Toowoomba homes around for profit, saying the Garden City was a haven for renovators like themselves.

The couple has already turned around three homes

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

'Raping and pillaging': Landlord's anger with nightmare cost

Chris Duane, who is chairman of the body corporate for Terralina Court, says insurance companies are charging too much for premiums.

BODY corporate boss unleashes on huge costs dumped on home owners.

Lisa Curry and fiance sell up Sunshine Coast property

I'm a Celebrity, Get me Out of Here! contestant Lisa Curry with partner Mark Tabone after being evicted from the South African jungle. Picture: Dylan Robinson ***EMBARGOED 7:30pm March 9th***

Plans for dream home on hold at Mount Mellum place on market

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