Alas for Australia. Cheap gas everywhere and not a molecule to use.
The local gas price is still at a nosebleed $13.50Gj.
Enough to drive electricity prices 150% higher year on year.
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Another European gas shock lands in Australia
David Llewellyn-Smith
Tuesday 14 January 2025
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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