Episode Details

Global gas price surge due to Middle East tensions could lead to sharp rises in Australian energy bills, mirroring the 43% increase in electricity prices and 27% rise in gas bills in 2022 and 2023. Analysts warn of potential supply shortages and increased volatility in gas markets, with Australias domestic prices already tripled over the past decade. The government is preparing a gas reservation scheme to hold back exports for home use, but experts caution that Australia remains exposed to further price increases.

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