lose “purely as a result of the current gas crisis”, he said.
THE GAS CARTEL
Gas on the east coast of Australia is controlled by a handful of companies and the lack of competition means they can charge higher prices locally.
At the moment, supply is controlled by six companies: Santos, Exxon, BHP, Origin, Arrow Energy and Shell. Some of these companies also control pipelines used to transport gas around the country, also adding to inflated prices.
Mr Robertson said companies were sitting on gas reserves and not releasing enough of their product.
“Companies are sitting on permits, not developing them and restricting supply so they can make a lot of money,” he said.
AEMO, page-8
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