Investor Presentaiton

Crib Point LNG import jetty Feasibility study under way for FY19 decision Why it makes sense Victorian gas market reliant on production from declining Gippsland basin East Coast gas market restricted to four main producers, not all of which are actively selling to other wholesale participants - Domestic gas being priced at premium to international LNG - Gas being transported from Queensland to satisfy southern market demands Limited financial signals being sent to the domestic gas market What the impact could be -> Establishment of forward price for gas Removal of premium to international markets Wholesale competition in the gas market Investor Day | 13 December 2017

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