Australian regulator sounds alarm over domestic gas prices
The ACCC is struggling to ensure domestic consumers are offered terms that are even close to those available to export customers
Australia’s competition watchdog has voiced concern over high domestic natural gas prices, arguing the burden of bringing them down should sit with the country’s LNG exporters. The Australian Competition and Consumer Commission (ACCC) pointed to a growing disparity between LNG netback prices and those paid by domestic consumers, with Australian buyers reportedly paying A$2-5/GJ ($1.4-3.7/GJ) more than their international peers. One solution would be for the government to extend a heads of agreement (HoA) it signed with LNG producers in October 2017 beyond its 2020 deadline, according to ACCC chairman Rod Sims. This included gas exporters committing to offering enough fuel to cover expected d
Also in this section
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
