Could Albo’s melons save us from the gas cartel?
Gas cartel HQ is busy massaging Japanese norks for panic. ….as Prime Minister Anthony Albanese grapples with the fallout from his comments last month about a gift of melons from Japanese Prime Minister Sanae Takaichi…Trump has combined a charm offensive on Takaichi with typical economic coercion involving tariffs to push Tokyo to invest more heavily The post Could Albo’s melons save us from the…
Prime Minister Anthony Albanese is navigating the aftermath of his comments about receiving melons from Japanese Prime Minister Sanae Takaichi. Trump has been employing a charm offensive with Takaichi, along with economic coercion like tariffs, to encourage Tokyo to invest more in the US. While both leaders are seen as "gross and stupid," the comparison between their actions and misogyny is deemed disproportionate.
The shift in long-term contracting is evident, with Australia supplying 25.8 million tonnes of LNG to Japan in 2025, while Japan has signed about 10 million tonnes of additional long-term US LNG contracts for delivery around 2030. However, Australian LNG contracts haven't seen a significant increase in the same period. Japan obtains a considerable portion of its gas from Queensland, which could be redirected to Australian suppliers.
Yet, the current gas reservation system only includes pre-existing contracts and spot gas, limiting the potential for new contracts to be reserved at a higher rate. This situation has sparked pressure on Victorian Premier Ben Carroll to reconsider key aspects of Labor's gas policy, as a majority of voters advocate for the option of gas connections in new homes.
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