Cheap gas flows in as prices slump to record lows

Original article by Matt Chambers
The Australian – Page: 15 : 1-Sep-14

Origin Energy, Santos and others are building three major LNG processing plants for the export market, in the Gladstone region of Queensland. The projects are forecast to cause higher domestic gas prices as the supply is diverted offshore. However in late August 2014, gas prices for local users have actually declined. In Queensland they have fallen to as little as $A1 per gigajoule, compared with the usual range of $A3 to $A4. From 2015 on they are estimated to reach up to $A10

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, AGL ENERGY LIMITED – ASX AGK, AUSTRALIAN ENERGY REGULATOR, CREDIT SUISSE (AUSTRALIA) LIMITED, QUEENSLAND CURTIS LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, GLADSTONE LNG PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s