ANZ: 5 Year Boom For LNG Will See Domestic Price Double
Source: Gas Today, 24 July 2015
Australia’s LNG industry is on the cusp of an export boom, according to one of the country’s big four banks
According to the bank’s report, domestic gas prices are set to double over the next five years as producers seek more favourable conditions overseas and potentially drain local supply.
ANZ stated that chemicals manufacturing, metals, steels, wood and paper producers could all experience price hikes of more than 50 per cent.
Households meanwhile are predicted to see a 30 per cent increase in their gas bills.
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