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The New Daily
The New Daily
James Robertson

Riding high on record profits, gas companies warn we could soon be crying poor

The surging price of gas is in the government's sights.

As the federal government weighs its options for regulating the gas market to bring down soaring power prices, exporters of Australian gas, riding high on record profits, have fired a warning shot.

Treasurer Jim Chalmers confirmed on Sunday the government was considering all options, including capping soaring gas prices, after the budget forecast annual power bill increases of 20 per cent.

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