More on Woodside and WA gas prices.

Maybe this story - 'Gas price inflated, watchdog called in' - in todays Australian answers my question on the previous blog post about how much Woodside cares about the West Australian public?

The story goes like this:

"The Australian Competition and Consumer Commission's enforcement branch is investigating whether the North West Shelf joint venture partners should be allowed to continue marketing gas as a single supplier, after a complaint by customers that the arrangement could be forcing them to pay higher prices".

"A spokesman for the Domgas Alliance of West Australian gas customers, Stuart Hohnen, told The Weekend Australian that customers had seen a rapid rise in prices as supply had become constrained and believed that was a result of the significant market power exercised by the North West Shelf partners, which made up 70 per cent of the West Australian market.
"Prices have risen from $2.50 a gigajoule to $8 in recent contracts and the expectation in requests for tender is that new gas will be sold in the $15 to $20 a gigajoule range," Mr Hohnen said".

We need Green Not Greed.