Beach Energy Warns Gas Price Controls Will Worsen Supply Shortfall and Undermine Australian Manufacturing

Reuters
2025.10.08 04:11
portai
I'm PortAI, I can summarize articles.

Beach Energy Limited has warned that proposed gas price controls could exacerbate supply shortfalls and deter investment in the Australian manufacturing sector. CEO Brett Woods stated that such measures would discourage domestic exploration and production, ultimately harming jobs and economic growth. Instead, Beach Energy advocates for the removal of regulatory barriers and incentives to boost local gas supply, emphasizing the need for collaboration between industry and producers.

Beach Energy Warns Against Gas Price Controls, Citing Risks to Supply and Investment Beach Energy Limited has criticised calls from the Australian manufacturing sector to introduce gas price controls as part of the Federal Government’s National Gas Market Review. In a statement released on October 8, 2025, Managing Director and CEO Brett Woods argued that price-setting measures would discourage domestic exploration and production, worsening projected gas shortfalls for manufacturers and industry. Woods called for the removal of policy and regulatory barriers and advocated for incentives to boost local gas supply. He warned that further market intervention would deter investment and harm jobs and economic growth, despite Australian wholesale gas prices already being among the lowest in the OECD. Beach Energy, which supplies all of its east coast gas to domestic customers, instead supports policies that increase supply and promote collaboration between industry and producers. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beach Energy Limited published the original content used to generate this news brief on October 08, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here