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Policy & Regulation

Sweeping reform on cards for eastern Australia

Under sustained pressure from consumers, the federal government has initiated a host of initiatives designed to tackle gas supply shortages and rising prices and to spur upstream investment Under sustained pressure from consumers, the federal government has initiated a host of initiatives designed to tackle gas supply shortages and rising prices and to spur upstream investment
By Sally Bogle 8 August 2019 Asia Pacific / Supply & Demand 0 34469
Facilities at Berwyndale South in Queensland. (Shell)

The key issue: Stung by criticism it has done little to tackle systemic and competitive failures in eastern Australia’s gas market, the federal government announced initiatives this week aimed at improving gas supply and ensuring energy prices become more affordable. 

Interfax analysis: LNG exporters in Australia are watching closely as the spectre of sovereign risk and market intervention rears its head again following the announcement of a root-and-branch review of the troubled east coast gas market.

The announcement includes a tacit warning to the states that have banned...