OPERATIONS

Gas prices down last year

LOBBY body the Australian Petroleum Production and Exploration Association yesterday attacked a media report that suggested east coast gas prices had jumped 40% in a year, when a report from Oakey Greenwood found that wholesale prices had fallen.

Helen Clark

APPEA highlights COAG-commissioned report that says wholesale gas prices were down last year.

APPEA CEO Dr Malcolm Roberts said the article had confused the wholesale and spot markets. "Less than 0.1% of east coast gas is traded through the spot market, meaning that spot prices are not...

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