Opinion
Time for two sensible gas market interventions
Diverting LNG exports for domestic supply and taxing windfall profits would cut power prices and help with the structural budget deficit.
Rod SimsFormer ACCC chairChange is now needed in two areas of our gas market.
First, the three Queensland onshore LNG producers need to be required to supply sufficient gas to the domestic market, rather than export it to the international spot market, so that prices can return quickly to levels of around a year ago, say below $10GJ.
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