Opinion
A heavy price to pay for Labor's gas protectionism
Tony WoodThe spectre of old-fashioned protectionism hovered in the air yesterday after Shadow Treasurer Chris Bowen announced that a Labor Government would introduce a national interest test for new or significantly expanded natural gas export facilities.
The Shadow Treasurer is right to be worried about the dynamics of the Australian domestic gas market. The expansion of LNG exports from Queensland has opened the east coast market to international prices, which is pushing up the prices paid by households and businesses that use gas.
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