MARKETS

Wood Mackenzie: High power prices here to stay as gas shortages expected remain

The latest Australia East Coast Gas Market Outlook 2018 – 2032, from Wood Mackenzie indicates the gas shortage problem on the east coast will remain beyond 2030 and as a result high power prices are set to stay and possibly increase.

Paul Hunt

Wood Mackenzie: High power prices here to stay as gas shortages expected remain

The report connects the dots between Australia's domestic gas price and the global LNG price, with production of gas unlikely to meet both LNG export demand as well as supply the domestic market. ...

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