GAS

The race to eight dollars begins

IN NEWS which will have domestic gas advocates shrieking, there is speculation this morning that AGL Energy has secured a price of about $6 per gigajoule for gas to supply Xstrata's Mount Isa projects for 10 years.

James McGrath

Up from the current Queensland price of $3.50/GJ, the deal represents one of the first steps to a circa $8/GJ price. AGL was keeping mum on the deal, but The Australian quoted chief executive Michael...

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