Jay Weatherill and Josh Frydenberg trade verbal barbs on live television

So too has the cash splash on gas exploration.

Mr Roberts said about one third of the cost of developing new projects is state regulatory costs.

The parties at the meeting will meet again in a month to review progress.

“We are a massive gas exporter”, Mr Turnbull said.

The Commonwealth Government has considerable power with respect to any exports of any items, including gas, of course.

“We have the ability to control exports”.

“Our gas industry simply balances our New Zealand market”.

“That’s fundamental … they understand it very well”.

“That said, if I was providing private advice to the LNG producers, I would say they would be well advised to support the domestic market as much as they can at this critical time”, Mr Sims said. At the start, Frydenberg was asked if it was awkward that Weatherill had turned up. “At worst, plants will close and jobs will be lost purely as a result of the current gas crisis”.

He rejected claims from the industry that a reservation policy would discourage investment and represented a sovereign risk.

He said if more gas and more storage goes into the South Australian market, “that will be a good outcome for all”.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Prime Minister are you willing to work the Opposition Leader on this? But what I’m seeking to do is to ensure we have action from the gas companies.

The government said that the energy plan will be backed by its newly-created $150m Renewable Technology Fund.

“In the longer term, South Australia will become more self-reliant for its power supply”.

If only we could channel political insults into power, we’d have a renewable energy source we could all get behind.

“We would like to see these reserves developed faster and we stand ready to assist them”. Is it time we just accepted it?

“That’s apocalyptic as far as the cost structures of energy-intensive manufacturers are concerned”, Tennant Reed, policy adviser at the Australian Industry Group, said at a gas outlook conference this week. “Our plan will deliver increased local generation and powers to help prevent outages and more competition to put downward pressure on power prices for families and businesses”. Indeed, it may have already received this, with Mr Turnbull saying he wants an end to what is effectively a moratorium on “onshore” gas development by both the NSW and Victorian governments.

“We will be having a very frank conversation with the energy companies”, he said.

Good morning. Today I’m taking national leadership to resolve this gas crisis.

But manufacturers who spoke to AM say they’re anxious the price of gas will continue to go up even if supply is increased, while the Opposition says yesterday’s meeting was a “talk-fest” that didn’t achieve any tangible results.