Business
Santos boss pushes back amid gas price feud – Sydney Morning Herald
Oil and gas giant Santos has sunk to a half-year loss of more than $400 million as COVID-19 pummels energy demand.
Santos managing director Kevin Gallagher has responded to criticism from Australia’s competition watchdog which says gas exporters are failing to pass on wholesale price falls to domestic customers on long-term contracts.
Manufacturers across Victoria and NSW have been struggling with high gas prices and are voicing anger that local supply contracts were far more expensive than Asian LNG spot prices which have crashed this year amid COVID-19. The Australian Competition and Consumer Commission t…
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