How the Iran war exposed Australia's energy mistakes
If You're Listening
- Published
- April 15, 2026
- Duration
- 22:00
- Summary source
- description
- Last updated
- Jun 24, 2026
Discusses When the Strait of Hormuz closed, global gas prices doubled seemingly overnight. As one of the world…
Summary
When the Strait of Hormuz closed, global gas prices doubled seemingly overnight. As one of the world’s biggest gas exporters, the spike should have meant a big payday for Australia. Unfortunately, it hasn’t played out like that because Australia has a habit of locking in energy deals that look increasingly out of step with reality. Case in point: our long…
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Show notes
When the Strait of Hormuz closed, global gas prices doubled seemingly overnight. As one of the world’s biggest gas exporters, the spike should have meant a big payday for Australia. Unfortunately, it hasn’t played out like that because Australia has a habit of locking in energy deals that look increasingly out of step with reality. Case in point: our long-term gas agreements with Japan.In an extremely volatile market, Australia continues to ship gas offshore at low, fixed rates, while Japan on-s