Intro by DM
Today an offering from Australia.
“We’ve been sold out.”
“It’s complicated.”
Australia is often criticised for effectively selling large volumes of its natural gas overseas at comparatively low long-term contract prices while domestic users face much higher costs. Because much of the gas is tied up in export agreements—particularly from LNG projects in Queensland and Western Australia—producers can lock in prices linked to international benchmarks that don’t always reflect local supply conditions. Critics argue this creates a situation where Australia, despite being one of the world’s largest gas exporters, has limited supply reserved for its own market, pushing up prices for households and industry.