Labor hits nuclear attack button as gas crisis looms

Australia will have to import liquefied natural gas to back up its precarious east coast supplies, leading to likely cost increases and “hoping and praying” to get through next winter, industry executives have warned, as Labor ramps up the energy war over the Coalition’s nuclear plans..................

Domestic gas prices have traditionally been cheaper than global benchmarks, but importing LNG shipments would lead to local prices matching overseas levels. Higher domestic gas prices would be a hammer blow to businesses – and to households, which have seen gas bills already jump around 10 per cent this year on the back of rising wholesale prices.