Ian Verrender

If that's the case, the deal's off.

And he said, well, if that's the situation, ladies and gentlemen, I'm sorry to have wasted your time.

Meeting's over.

Next day, there's a

We've gone through the numbers again.

We can make it work, yeah.

And so it's worked quite well for Western Australia.

And if you've only got to look at that Ukraine crisis a few years back and gas prices in the West, despite it exporting far more than we do here on the East Coast,

gas prices in the West were substantially below what the East Coast gas prices were.

And unfortunately, there's no pipeline between Western Australia and the East Coast, which would have equalized the prices somewhat.

Look, I think it's going to be a lot easier for businesses to source domestic gas supplies at a reasonable price.

You know, during the period when I think it was when the Labor government had imposed that price cap of, say, $12 a gigajoule, and particularly through the Ukraine crisis, I

think gas prices went to about $23 a gigajoule if you're a business trying to lock in long-term supplies.

So it was just uneconomical for most big industrial users.

And you're talking about smelters, you're talking about all sorts of massive uses of energy here.

But the urea example is just a great example of

where everything went wrong.

I mean, here we are, one of the world's biggest agricultural exporters.

So we have, there's a ready home market for fertiliser.

And we've got the key ingredient to make it as well.