Australia’s high gas prices could be here to stay if threats don’t turn into action

‘The Rudd-Gillard and Abbott governments all backed the linkage of the region’s gas to global markets, a shift that sent production and exports leaping.’ Photograph: Ida Marie Odgaard/Ritzau Scanpix/AFP/Getty Images

Some time in the next couple of weeks, a well-known ASX-listed company could go to the wall if it can’t secure a new contract for gas.

That firm, for now at least, can’t go public without its share price cratering and its employees and suppliers being sent into a panic.