East coast gas disaster burns silently on

David Llewellyn-Smith

Monday, 11 July 2016

The east coast gas crisis burns silently on today with prices still in a state of uber-excitement:

I’ve created an east coast average price (ex-VIC) to smooth some of the volatility and it is at $13.20/GJ today:

Note that you can currently buy exactly the same gas – that is, exactly same Australian gas – in Japan for $5/Gj or so.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.