Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Gas supplies sufficient to keep prices down, says ACCC boss

Brooke Corte
Article image for Gas supplies sufficient to keep prices down, says ACCC boss

A new report shows there won’t be a shortage of gas in Australia next year, but warns prices are still too high.

The competition watchdog has found industrial gas users are facing the biggest costs, influenced by rising prices in the international market.

ACCC Chair Rod Sims tells Ross Greenwood some headway has been made but more needs to be done to boost gas supply in the domestic market.

“The gas market has improved considerably. It was out of control in 2017. Ridiculously high prices.

“Those prices have now halved. Still very high but we’re really in a much more sensible market than we had a year ago.”

He says prices need to fall below the international rate and in order for that to happen, there needs to be more gas produced.

“We need more gas found and produced in the states of New South Wales, Victoria, South Australia.”

Click PLAY below to hear the full interview 

Brooke Corte
Advertisement