LNG prices tipped to double by 2020
The competition watchdog expects liquefied natural gas prices to almost double over the coming months as Australia continues to grapple with a potential east-coast gas shortage. A rise would be welcome news for energy companies that have seen the LNG price slide by around a third, in line with the global oil price, over the last three months but concerning for the gas-intensive manufacturing industry already struggling with domestic supply. In its latest LNG netback price monitor – a measure of export prices minus processing and transport costs – the ...
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