Brisbane spot gas price hits record low near zero

By Angela Macdonald-Smith
Updated October 8 2014 - 10:13am, first published October 3 2014 - 12:15am
Gas retailers have sold gas forward at fixed prices.
Gas retailers have sold gas forward at fixed prices.

Prices for natural gas in Queensland have plunged to near-zero in a temporary distortion in the market that signals that BG Group and possibly other producers are being forced to sell gas at a loss, or to burn it off as waste.