Sky News reporting
- The government will not intervene in the gas market
- Companies agreed to supply enough gas to meet shortfall in domestic demand
(I'm gonna guess "shortfall in domestic demand" should actually read "shortfall in domestic supply")
(this is in reference to:
- Australia press: Government set to pull the trigger on limiting gas exports within days
- More on Australia Government ready to limit gas exports "within days"
)
It appears PM Turnbull's negotiations with gas producers/exporters has resulted in agreement to supply the local market without the need for the government to impose export restrictions.
Gas producers/exporters have been meeting contractual export obligations and supplying even more, which has placed pressures on the local market, with rising prices. It seems the fix is now in.
PM Turnbull says
- supply deal will last 2 years
