Great info, thanks for that ORION123.

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29/09/17

15:28

Post #: 27554256
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Originally posted by orion123 ↑

Acuadog the release states 5TJ/day . It's a significant amount to begin with.
That's around $30,000.00/day x 365 = around $11,000,000.00/year of sales. Helps the weak side.
The national competition watchdog has taken the extraordinary step of releasing â€œappropriate benchmark pricesâ€ for natural gas on the east coast, after finding that many industrial users are being offered gas at more than double those rates.
The move by the Australian Competition and Consumer Commission came as the regulator calculated a large supply gap in the east coast gas market for 2018, echoingÂ findings from the national energy market operatorÂ earlier on Monday. Both organisations handed their findings on Monday toÂ Prime Minister Malcolm Turnbull, who is threatening to impose caps on LNG exports from Queensland unless the shortfall is filled.
The â€œbenchmarkâ€ tariffs determined by the ACCC are based on forecast international spot prices for LNG in 2018 and are $7.77 a gigajoule for the south-eastern states, and $5.87 a gigajoule for Queensland.
They compare to prices offered to industrial users in the south-eastern states of $10-$16 a gigajoule, compared with historical prices of $3-$4, according to competition chief Rod Sims.
While the regulator said the benchmark prices were intended to be able to assess domestic prices, they look set to stir worries in the gas industry about potential regulatory intervention into commercial negotiations on contracts.

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Great info, thanks for that ORION123.

AJQ Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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Great info, thanks for that ORION123.

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