Global energy giant Shell has lifted its suspension on new gas contracts to Australian businesses a week after the competition watchdog warned it would penalise companies that breach the temporary gas price orders.
Following a near six-week freeze on gas talks in response to the federal government’s emergency cap on wholesale gas prices at $12 per gigajoule, Shell is offering an additional eight petajoules of gas to the domestic market.
“Typically, for the majority of the market, retailers and customers contract gas well in advance of the required supply period,” Shell said in a statement.
“However, in light of the significant ongoing regulatory changes impacting the gas market, QGC (Queensland Gas Company) believes it is important to offer additional gas for delivery in 2023 under an Expression of Interest (EOI) at this time.”…