Australia to Extend Domestic Gas Price Cap

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Dan Breckwoldt/Shutterstock

Australia plans to extend a controversial cap on domestic wholesale gas prices to mid-2025 under a proposed code of conduct (Gas Code) which is in the final phase of consultation. Gas producers would be exempted from the price cap under certain conditions.

Policy and Regulation, Gas Supply, Gas Prices
Wanda Ad #2 (article footer)
But much of the incremental demand may be met by domestic production, not imported LNG, according to a Moody's affiliate.
Tue, Sep 26, 2023
Heightened gas market volatility and uncertainty in the wake of the Ukraine War has reinforced the major's preference for LNG offtake agreements and backfill projects over equity developments.
Tue, Sep 26, 2023
The European Court of Human Rights is set to hear a case in which Portuguese youths allege that European countries violated basic rights by failing to curb emissions.
Tue, Sep 26, 2023