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The federal government’s shock proposal to in effect seize control of the east coast gas market could scuttle the $18.4 billion takeover bid for Origin.
The federal government’s deal with the states wraps up its energy package with a neat Christmas bow. How long will it take to unravel?
The policy proposal would increase the risk of blackouts by cutting supply, and could derail the $18.4 billion takeover bid for Origin Energy, industry and analysts say.
Santos and Woodside Energy will rake in billions of dollars of extra profits this year due to the war in Ukraine, but analysts say the gas producers are only now offsetting earlier heavy losses.
Gas buyers are again at odds with producers on the pricing available in the east coast market as debate rages over potential government intervention.