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  1. #10
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    Quote Originally Posted by JBmurc View Post
    My understanding is that the gas contracts low fixed prices expire in 2023/2024 .
    Looks like this could be timely.
    Russia has just announced it is cutting gas supply to Germany by more than half .
    Yes along with more Gas Flows from NT Aus from new discoveries[/QUOTE]

    No doubt Russia is forcing up the price of gas
    Australian domestic wholesale gas prices have increased from 5 to 40 in the last 2 years ($80 on the ghost market despite the government cap at 40 )
    LNG prices not quite so much but still multiples
    By my rough calculation the 20% of gas not on fixed contracts will be earning more than the 80 on the fixed contracts which will be expiring shortly .
    Cue,NZo and central petroleum sell their gas as a bundle together to save costs and get better prices-improved netback for all .The pipelines enable them to send gas to the highest bidder (‘bad weather on the east coast and coal generation unreliable means really high need for gas there-will the government intervene to stop lpg exports ? )
    Last edited by fish; 17-06-2022 at 12:19 PM.

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