POLICY

"Glut of greed" Husic on LNG exporters 

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

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...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry