Australian Government Gas Market Review: Submission

Since 2015 domestic gas consumption in eastern Australia has fallen by 25 per cent.  At the same time, production of gas has doubled, and the price of wholesale gas has tripled.

Defying the law of supply and demand, this situation demonstrates the east coast gas market is broken.

The broken east coast gas market is fundamentally counter to Australia’s national interests: economically, environmentally and geo-strategically.

Australia has an opportunity to reset this broken market, to decouple the domestic gas market from Asian exports, and return to Australian customers a comparative advantage from our natural resources.

This submission sets out Manufacturing Australia’s perspectives and recommendations on how to do that.

Click here to read Manufacturing Australia’s Submission