High east coast gas prices will force business elsewhere, ACCC warns

The Australian Competition and Consumer Commission (ACCC) has warned that the high gas prices in the east coast of Australia remain a critical issue for domestic gas users, and could see commercial and industrial gas users move out of the region. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference in Brisbane, ACCC chairperson Rod Sims noted that the Gas Inquiry 2017-20 interim report had shown that commercial and industrial Australian gas users would pay more than $9/GJ for gas this year, and some more than $11/GJ.