# Gas prices will rise and there's not much we can do to stop it

> ABC News argues that Australia's domestic gas shortage stems from exporting most output via LNG plants to Japan, Korea and China. It says Australia would need to lift output by about 50% to meet expected 2020 exports.

- Date: 2017-04-01 · published 2017-04-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72174-gas-prices-will-rise-and-there-s-not-much-we-can-do-to-stop-it
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong export demand keeps Australian domestic gas tight and prices high, which raises energy costs for local industry.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |
| NATGAS | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | -6.3% | -4.6% |
| NATGAS | 2021-09-23 | [Inside Clean Energy: Natural Gas Prices Are Rising. Here’s Why That Helps the Cleanest (and Dirtiest) Electricity Sources - Inside Climate News](https://feedsoft.ai/events/7930-inside-clean-energy-natural-gas-prices-are-rising-here-s-why-that-helps-the.md) | +15.2% | +3.2% |
| NATGAS | 2021-01-25 | [Asia’s record gas prices underline the need to make its markets more resilient - IEA](https://feedsoft.ai/events/49333-asia-s-record-gas-prices-underline-the-need-to-make-its-markets-more-resilient.md) | +7.1% | +24.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-03-10/gas-prices-will-rise-and-there-is-not-much-we-can-do-to-stop-it/8340536

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.