Pressure on for LNG export caps as gas hurts manufacturers
A softening in east coast gas prices in recent weeks has yet to bring down prices offered to manufacturers to levels they say are affordable, adding pressure to the federal government to slap restrictions on Queensland LNG exports for 2018.
Sources close to gas buyers say that while the $20-plus a gigajoule prices offered to shell-shocked manufacturers in February-March are no more, offers of $17-$18 a gigajoule for firm deliveries are still common, about triple the level of expiring contracts.
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