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“Making Cents” of the Eastern Australian Gas Market
Author(s) -
Quentin Grafton R.,
Shi Xunpeng Roc,
Cronshaw Ian
Publication year - 2018
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12194
Subject(s) - incentive , economics , gas consumption , gas industry , business , natural resource economics , international economics , market economy , natural gas , environmental economics , engineering , waste management
The paper reviews the causes of high domestic gas prices and possible future gas shortfalls in the Eastern Australian gas market. It explains the economics of gas pricing, the effects of long‐term gas contracts on domestic supplies and prices, and examines the incentives faced by gas exporters. Policies to respond to concerns over gas supply and high domestic gas prices are explored and alternatives presented.