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
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria