Ann: Quarterly report for the period ended 30 June 2018, page-19

@hindmost

'..This means that Morningstar talking about the price of oil and disruption in Venezuela and Iran is badly missing the point - yes the oil price does affect BPT but that's now much less significant for BPT than the GAS price - and the GAS price in Australia is not affected by anything that happens in Venezuela or Iran. Until we have an East Coast LNG import (or export) terminal, the gas price in,,"

is mostly wrong. Gas price is priced in Singapore at the price equivalency of energy content gasil.

If oil price changes for whatever reason, international gas price changes. Australia allowed the Cabal Cartel to sell locally gas at prices they were landing it in Japan with no penalty or oversight. OK, now they have had their come to Jesus moment ... and taken some lumps.

I see last 4Q18 as an aberration because gas prices locally have come down, but does not mean they will crater. The balance gasil clearly changed, but oil:gas energy content based pricing will even out the $Revenue:$Revenue ratio. The total revenue as a result will look about the same i.e. $474-ish

(the point you missed, how I do not know...but there are at least three gas export terminals on East Coast, maybe even one on Vic coast, which State I assume is part of Tasmania, not east coast.)