Australia Plans To Extend Natural Gas Price Cap To 2025 ...Middle East

OILPRICE - Economy
Australia Plans To Extend Natural Gas Price Cap To 2025
source : OILPRICE ( Middle East ) () 27
Major LNG exporter Australia plans to extend the cap on domestic natural gas prices until July 2025 in a bid to ensure Australian gas supply at “reasonable prices,” the government said on Wednesday.  Energy companies operating in Australia are rattled by last year’s cap on domestic gas prices, which has already led to at least one investment project being put on hold. The cap, introduced in December, was initially intended to last until the end of 2023 as a measure to curb spiking gas prices.   …

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