AGL warns of gas squeeze in Victoria

Original article by Perry Williams
The Australian – Page: Online : 6-Sep-18

AGL Energy executive Richard Wrightson warned on 5 September that Victoria faces gas shortages in the 2020s, with Bass Strait reserves running out and coal-seam gas from Queensland becoming more expensive. He said he hoped potential shortages could be partly addressed by AGL’s proposed LNG import facility at Crib Point, which AGL hopes to make a final decision on in 2019. Commenting on Labor’s plans to cap gas prices, Wrightson says this could discourage investment.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN LABOR PARTY, SANTOS LIMITED – ASX STO, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Leave a comment