Senate debates

Thursday, 26 March 2015

Questions without Notice

Gas Prices

2:36 pm

Photo of John MadiganJohn Madigan (Victoria, Independent) Share this | Hansard source

My question is to the minister representing the Minister for Industry and Science, Minister Ronaldson. The east coast gas market has changed due to the trebling of gas demand from LNG exports and the increases in gas prices being demanded by gas producers. The recent Deloitte Access Economics modelling showed that the higher gas prices will have impacts across the whole economy from manufacturing and agriculture to construction and transport. This is on top of the impacts to pensioners who are struggling to heat their homes and the thousands of Australians who will simply be unable to pay the new gas prices being demanded. When will the government address the approaching loss of over 200,000 manufacturing jobs that this will cause and the impacts upon every household of these increased gas prices?

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