$2.9 billion CSG surcharge

by Mark Ogge

Gladstone’s manufacturing industry is likely to pay up to $2.9 billion more for gas over the next 10 years than it otherwise would have, as a result of gas exports from Curtis Island.
This is on top of the impacts of the resource boom already being felt by the region’s manufacturing industry, including the high Australian dollar and skills shortage.

Over the next few years, the three large coal seam gas export facilities now under construction on Curtis Island will begin operation, effectively tying local gas prices to Asian market prices.

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