MELBOURNE - Australia’s Parliament on Thursday passed legislation setting a price cap on natural gas for one year and providing A$1.
“This is a very modest package of a modest intervention that’s required because of the extraordinary circumstances,” Prime Minister Anthony Albanese told Sky News. “This Soviet-style policy is a form of nationalisation,” said Mr Kevin Gallagher, chief executive of Australia’s No. 2 independent gas producer Santos.
Source: News Formal (newsformal.com)
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