Energy company AGL has issued a warning to NSW customers that gas prices in the state may increase as a result of demand continuing to run ahead of supply and regardless of the decline in world oil prices, which has had a knock on effect on gas prices.
The NSW government’s Independent Pricing and Regulatory Tribunal, has approved NSW gas prices rises of as much as 40% in NSW due in large part to the increase in the domestic gas price to global levels following the development of a series of gas export projects in Queensland, which are now being brought into production.…
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