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Australian government to introduce gas price cap

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12 December 2022

Australian government to introduce gas price cap

Report summary

The Australian Government intends to implement an emergency price cap on gas and coal prices in the East Coast market for the next 12 months. This will change the regulatory landscape for the upstream sector significantly. And it comes at a time when industry is already reeling from other regulatory setbacks. How do these events change Australia's risk profile for new investment? We analyse: - Who does this policy benefit, and will it work? - How did we get here, and is this a failure in energy policy? - Sectoral impacts: gas, LNG and coal - Other new regulatory and investment risks in Australia

Table of contents

  • 1) How did we get here?
  • 2) Who does it benefit?
  • 3) Sectoral consequences of the price cap
  • 4) Is this a failure in energy policy?
  • 5) Australia in the world

Tables and charts

This report includes 4 images and tables including:

  • Domestic gas hub Wallumbilla's wholesale benchmark price vs LNG netback price
  • Company's reported realised gas prices vs. international prices (2022 average)
  • Number of offshore E&A wells completed across Australia
  • Number of onshore E&A wells completed in East Coast basins

What's included

This report contains:

  • Document

    Australian government to introduce gas price cap

    PDF 826.79 KB