Australia’s Natural Gas Price Cap Could Do More Harm Than Good ...Middle East

Economy by : (OILPRICE) -
A price cap on natural gas for the domestic Australian market could make matters worse instead of better, energy major Woodside has warned. The cap, for gas and coal, was announced by the Prime Minister earlier this month as a means of mitigating the effects of the international tightening of gas supplies that has led to higher prices. "Extraordinary times call for extraordinary measures, and we know, with the Russian invasion of Ukraine, what we've seen is a massive increase in global energy prices," Anthony Albanese told media. The energy industry…

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