Gas producers warn the Coalition’s plan to flood the east coast market with supply that might otherwise have been exported may bring down prices in the short term but will scare off investment and result in shortages in the long term.
Gas buyers welcomed the intention of Opposition Leader Peter Dutton’s promise to ensure up to 20 per cent more gas in the domestic market to bring prices down to less than $10 a gigajoule. But producers said the plan was flawed and would deter investment in new supply.
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