Gas export control to be activated

Tuesday, 20 June 2017

Via The Australian:

The Turnbull government has announced it will impose restrictions on Australia’s domestic gas supply in a bid to lower electricity prices.

“It is unsustainable for our country to be the world’s largest exporter, but to be paying some of the largest prices for gas,” Resources Minister Matthew Canavan said.

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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.