Gas buyers fear supply cutbacks as east coast squeeze looms
Manufacturers fear nothing can save them from the risk of having gas supplies curtailed come mid-year amid the looming squeeze in the east coast market that has already seen prices surge.
As LNG exports from Queensland ramp up, some local industrial buyers have been forced to agree to 100 per cent price hikes for their gas in 2017, pushing them to the brink. But when it comes to the crunch, deliveries to industry may be cut back to preserve supplies for retail customers, some fear.
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