MARKETS

Oz cited in gas security warning

PLANS to make Australia an LNG importer could expose the country to international price shocks as the International Energy Agency has warned of such “high impact” events to existing importing countries in mature and well-interconnected markets.

Australian resources minister Josh Frydenberg with IEA chief Fatih Birol.

Australian resources minister Josh Frydenberg with IEA chief Fatih Birol.

While cynics would say Australia has nothing to worry about with the failure of the National Electricity Market, Queensland's LNG exporting projects diverting gas to the domestic market has already exposed...

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