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Shell blames Victoria for rising gas prices

As reported by The Financial Review, by Angela Mcdonald-Smith

“The head of oil giant Shell’s Australian multibillion-dollar operations has laid the blame for the east coast gas squeeze squarely with the Victorian government, declaring that rising prices caused by the state’s ban on onshore gas will take a direct toll on jobs.

Deflecting criticism that Queensland’s LNG industry is to blame for the difficulties being experienced in the east coast gas market, Shell Australia chairman Andrew Smith pointed instead to “short-sighted political decisions” such as Victoria’s, which is keeping much-needed gas in the ground.

“Victorian manufacturers have a right to be angry about the gas supply situation, but their anger should be directed toward the Victorian government,” Mr Smith told The Australian Financial Review.

“It is the Andrews government’s ban on onshore gas production that will lead to price hikes to Victorian manufacturers – and this will cost jobs in Victorian factories.”

 “Victoria’s Acting Resources Minister Phil Dalidakis rejected the idea the moratorium is impacting prices.

Read more at the Financial Review: http://www.afr.com/business/energy/gas/shell-blames-vic-govt-for-rising-gas-price-20170110-gtp815#ixzz4VVDoJpfG

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