Local industrial users are paying more for gas because of the booming export market Source: Herald Sun
QUEENSLAND'S industrial gas users are struggling to secure long-term contracts unless they agree to pay up to double previous prices, or link prices to international oil, as the state's gas is effectively reserved for more lucrative offshore contracts.
Despite Queensland's huge ramp-up of gas production associated with the $50 billion worth of coal-seam gas export projects, local industry is suffering from the high prices washing through, effectively being outbid by international customers.
Global miner Xstrata says surging local gas prices were a factor in its decision to close its Mount Isa copper smelter and Townsville refinery in five years. Read More
The Australian
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