The persecution of AGL is pure sovereign risk

Advertisement

Via the AFR:

AGL Energy’s proposal to import LNG into Victoria is understood to be driving a push to force a restructuring of the utility or impose conditions around the plant’s operations amid worries it will only cement the company’s strong market position in the state suffering most from high gas prices.

The debate around the impact of the proposed $250 million Crib Point LNG import terminal comes as investors have started to worry about a political push for a break-up of AGL, despite uncertainty how this could be pursued.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.