Gas industry body takes aim at 'complex' market intervention

The head of the Australian Petroleum Production and Exploration Association has raised concerns about supply in theThe Australian Competition and Consumer Commission on Tuesday provided further guidance to the industry on how the government’s $12/gigajoule price cap, announced in December, would work.

APPEA's Samantha McCulloch has raised concerns about supply in the gas market in the wake of the government’s intervention. Picture: Tom Huntley “Really this goes to the level of uncertainty that’s been created by these very complex reforms that have been implemented with very little consultation.”

Price caps was never going to work but hey Fullofshitanese was spurred on by his leftard supporters and ran with it… but now those leftards are the 1’s that have egg on their faces… Bravo dumb dumbs

Albo has it under control. He has a plan. Don’t worry.

'The head of a leading gas industry body has raised concerns about the price caps...' The head of Australia raised concerns about the gas industry profits. Don't expect any sympathy from voters/customers. Posting huge profits... and you whinge and want more. NO.

Kick em to the curb, put aussie natural resources back in the hands of aussies.

Cancel the export licenses.

Supply shortage 🙄🤣 There’s a supply shortages because they’re selling all the gas overseas at record profits. Australia has an abundance of gas but hey don’t let a good bull shit story from Newscorpse in defense of these profit mongers get in the way 🙄

No vested interests THERE ... !

The head of a leading gas industry body has raised concerns about losing a little bit of this...

Just remember - the sky high gas prices are the gas cartel profiteering from the Ukraine war.

Such a surprise

You know what journalism is? It’s questioning the motivations of ‘industry bodies’ before reporting their comments as facts.

Blackout Bowen.

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Aus domestic market represents ’15 to 20 per cent’ of ‘overall gas sales’Energy Users Australia Chief Executive Officer Andrew Richards said the Australian domestic market represents “15 to 20 per cent” of “overall gas sales” within the industry. “The Australian domestic market represents somewhere between 15 to 20 per cent of their overall gas sales,” he told Sky News Australia. “A majority of Australian gas is sold overseas to contracted partners and to spot markets. “The Australian market is a relatively small market in that context, so there will continue to be a substantial investment,” Mr Richards said.
Fonte: SkyNewsAust - 🏆 7. / 78 Consulte Mais informação »

Australian energy users call gas industry ‘a bunch of bullies’ amid claims of supply shortagesProducers argue Albanese government’s price cap intervention has ‘paralysed the market’ Time for the Wharfies to step in!
Fonte: GuardianAus - 🏆 1. / 98 Consulte Mais informação »