Big gas buyers welcome Labor’s tough new stick on LNG exports

Original article by Mark Ludlow, Angela Macdonald-Smith
The Australian Financial Review – Page: Online : 4-Sep-18

Opposition leader Bill Shorten said on 3 September that Labor would introduce a permanent gas export control trigger if it wins the next election. He said the trigger would be used if gas prices were getting too high, rather than just when shortages were being predicted. Saul Kavonic from Credit Suisse says such controls are a "blunt and ineffective tool" in terms of lowering gas prices, although Energy Users Association of Australia head Andrew Richards said Labor’s federal gas plan was "worth serious consideration".

CORPORATES
AUSTRALIAN LABOR PARTY, CREDIT SUISSE (AUSTRALIA) LIMITED, ENERGY USERS ASSOCIATION OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, SANTOS LIMITED – ASX STO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

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