INDUSTRY minister Ed Husic has blamed the LNG exporters of the east coast for high prices, suggesting it is a "glut of greed" and not a supply issue, underlining the Labor government's plans for a market intervention as electricity prices rise and manufacturers warn they are close to shutting down without some form of price relief.
APLNG, one of three east coast operations
Prices for both are set to rise: spot gas prices will be up 44% in under two years and electricity prices 56% according to last week's federal Budget. Labor will be unlikely to be able to stick...
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