Gasmageddon alarm blares in Victoria

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These poor folks at the ABC are a leading indicator.

Regional Victorian residents in 10 towns reliant on standalone gas networks are in shock after learning their supply will be cut off by the end of next year.

Solstice Energy has announced it will phase out its compressed natural gas (CNG) networks in Robinvale, Swan Hill, Kerang, Nathalia, Marong, Maldon, Heathcote, Terang, Lakes Entrance and Orbost.

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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.