Traders Versus Holders, page-68

Forget the historical articles and look at the current data, which is the subject of the debate. Oil prices have varied greatly over the past 5 years, which has had a huge impact on both gas and LNG markets.

If you look at the AEMO website you can see the current spot price of gas in each of the Australian east coast states. West to east coast comparisons are irrelevant, as there is currently no way to transport the product.

You can then look at spot LNG prices in Singapore, which are moderately traded and the Japanese import data for contract LNG volumes. These are large volumes of gas from multiple sources.

In this comparison, you will see that Australian wholesale prices are 20 to 40% below the equaivalent A$ prices prevailing in the wholesale markets for gas in Asia.

As I said before, you are wrong. No politics involved, either.

And if these were jokes, please don’t give up your day job.

Cheers, AL