Whipped gas cartel pays the price of greed

Tuesday, 4 April 2023

The gas always turns up if you reserve it:

The ACCC’s March 2023 interim gas inquiry report has found there should be sufficient gas supply in the east coast gas market against forecast demand if LNG producers contract another 3 petajoules (PJ) of gas in 2023.

This represents an improvement of 27 PJ since the previous forecast in January.

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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.