Re: Gas prices
Again, my sincere apologies for the delay in getting back to you.
Yes, this project could definitely increase supply to the market which is very important, as our traditional sources of gas supplies are rapidly depleting.
In the recent past, Victoria, NSW and SA experienced an unexpected reduction in the amount of gas available. With a limited number of suppliers able to supply the volume required, domestic prices rose above the global price level, for periods of time. Eventually, this led to the ACCC Gas Inquiry.
We believe that the proposal will place a ceiling (or cap) on gas prices, while importantly, also being a reliable source of supply for residents and businesses in the south-eastern states.