Date Time
Worthwhile gas initiative
“Steps foreshadowed for the Federal Budget to deepen the gas market and improve its transparency will be helpful, though fundamentals remain worrying for gas users,” Innes Willox, Chief Executive of national employer association Ai Group, said today.
“With modest investment and careful implementation it may be possible to greatly improve the Wallumbilla Gas Hub, to the point where it is more of a local equivalent to the United States’ Henry Hub – a liquid market that provides a clearer basis for price discovery.
“Other measures to encourage new investment also promise incremental improvements in the supply-demand balance.
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