gas prices

"...AGL said the planned export of gas from Queensland was forcing the wholesale gas price to about $6-$7 a gigajoule, up from $4.70 at present.

Already, the price in Queensland is estimated at $9.40 a gigajoule.

The surge in the Queensland gas price is forcing gas retailers to look to obtaining increasing volumes of gas from Bass Strait suppliers, where the wholesale price is put at $6.25-$6.50 a gigajoule.

But supplies from Victoria are constrained by a lack of pipeline capacity.

ActewAGL has applied for an 18.6 per cent increase in gas prices in the ACT and Origin Energy is seeking a 20.1 per cent increase in the regulated tariff in its supplier area in southern NSW.


Read more: http://www.smh.com.au/nsw/nsw-must-grow-coal-seam-gas-industry-to-keep-down-prices-minister-20140217-32vjt.html#ixzz2tYUOR69V