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The ACCC's interim gas inquiry found that the 2020 east coast supply outlook has improved slightly, and LNG netback prices have fallen. Domestic gas prices remain high at roughly A$9-12/GJ, and the regulator flagged a possible shortfall for southern states in the medium term.
A divergence between domestic gas prices and LNG netbacks raises Australian energy costs, which affects processing margins for feed producers. Direct feed commodity impact is limited.
accc.gov.auAustralian Competition, Consumer CommissionFeb 17, 2020After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
