The development of an export gas industry based on coal seam gas (CSG) production in Queensland has led to dramatic changes in the eastern-Australian gas market.
Since the three new liquefied natural gas (LNG) plants in Gladstone came online in 2015-16, domestic gas prices in eastern Australia have increased by up to 500%, causing significant hardship for Australian consumers.
Rising gas prices are a direct result of three factors: linking of the Australian market to the historically more expensive North Asian market; redirection of domestic gas resources overseas to fulfil long term supply contracts; and cartel-type behaviour by gas companies.
Read the full story about gas supply and price on the east coast of Australia in our referenced fact sheet
We can ensure we are looking after Australia's energy needs and our food growing areas and water supplies. To do this, we need to hold these gas exporters to account, fix the broken energy market and get on with growing cheaper renewable energy options.
That way, we can prevent the need to turn Australia’s land and water into polluting gasfields into the future.
If you haven't already done so, please sign our petition calling on Malcolm Turnbull to stop trying to force fracking gasfields on unwilling communities across Australia.