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Tuesday, 02 December 2008

Gas to be a transitional fuel up to 2020: Origin

11/08/2008 2:35:00 AM.  | AAP
Gas will be a transitional fuel until 2020, Origin Energy chairman Kevin McCann says.

The company said it would be a winner when the emissions trading scheme is introduced in 2010 because it uses gas to generate electricity, which is cleaner than coal.

Mr McCann told Sky News that from 2010 until 2020, the stationary energy industry will enable Australia to get significantly less carbon emissions.

"We hope that there will be new technologies being developed and there will be renewable options other than wind because at moment the only technology is wind," Mr McCann said.

"But we think if there is a bridging period of that 10 years, which we think gas can do the work, then gas will still be important but it won't carry all the load."

Sydney-based Origin is defending a hostile $13.7 billion takeover attempt by Britain's BG Group Plc.

BG is partly interested in Origin's coal seem gas reserves, which Origin wants to convert into LNG for export with a joint venture partner.

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Looks like Julie's sister got in first with a shovel.Boy what a smack!!!!!!!!!... Lance Freestone, on Duel of the Jules! Gillard and Bishop get catty

Well done Kevin.Keep that downward pressure on interest rates coming.Australians just love your lower petrol prices and interest rates.Always knew Howard was a liar .Libs... Lance Freestone, on Another big rate cut tipped for Tuesday

Didn't this Liberal admit that she chased her sister with an axe when younger? Now she's an old battle-axe but still no more refined. Maybe... Beyond Ajoke, Voterland on Duel of the Jules! Gillard and Bishop get catty

Very edifying Bolts to see Bishop motioning like a cat.Good stuff ! Thats the way you want to see the potential deputy PM react to... Lance Freestone, on Duel of the Jules! Gillard and Bishop get catty

Never underestimate the stupidity of the electorate !... J Youngster, Sydney on Even Gillard would beat Turnbull: poll