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Australia pays more for its own gas than it charges customers overseas
The Australian Workers’ Union says proposed changes to offshore petroleum and gas storage legislation highlight the fact that the nation’s vast gas supplies are now largely foreign-owned.
The AWU says the Australian Competition and Consumer Commission has also effectively approved cartel conduct by some of the world’s largest gas companies, resulting in our gas going overseas while Australian consumers miss out and prices rise.
“Australians find themselves paying more for our own gas than we charge our customers overseas. It’s crazy!” AWU National Secretary Dan Walton says.