East coast gas prices to lower thanks to spot market: WoodMac

AUSTRALIA could finally start paying less for its gas as the LNG netback price is set to come down and bottom out at A$6.50 per gigajoule to $9/GJ according to research from consultancy Wood Mackenzie.

East coast gas prices to lower thanks to spot market: WoodMac East coast gas prices to lower thanks to spot market: WoodMac East coast gas prices to lower thanks to spot market: WoodMac East coast gas prices to lower thanks to spot market: WoodMac East coast gas prices to lower thanks to spot market: WoodMac

 

The global supply glut that has pushed down prices and forced the spot price well below long term, oil-linked contract prices has meant the price of gas in Queensland as a netback from the