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3 August 2014

The high price of gas



Manufacturing Australia Executive Director Ben Eade talks to Radio National's Background Briefing about the impact of gas prices on industry.

Australians pay close to the highest electricity prices in the world, and we’re about to start paying some of the world’s highest gas prices, too. That’s because we’re about to start exporting gas for the first time from the east coast, and there’s no limit to the amount of gas that can be sent overseas.

That means Australians have to compete with energy-hungry customers in Asia, who are prepared to pay top dollar for our gas. The message from the government is that if we want to use gas, we’re going to have to get used to paying top dollar, too.

To listen, click here.