Institute for Energy Economics Says Australian Consumers Paying 71% More for Gas on Average
October 30, 2019
October 30, 2019
CLEVELAND, Ohio, Oct. 30 -- The Institute for Energy Economics and Financial Analysis issued the following news release:
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- Pressing need for government intervention in a failed market
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Domestic gas prices in Australia are still failing to follow much lower international LNG prices, leaving Australian consumers paying 71% more on average for spot gas at the current market price than equivalent export "netbacks".
. . .
* * *
- Pressing need for government intervention in a failed market
* * *
Domestic gas prices in Australia are still failing to follow much lower international LNG prices, leaving Australian consumers paying 71% more on average for spot gas at the current market price than equivalent export "netbacks".
. . .