High Gas Prices Force Closure of Stanwell's Swanbank E Power Station in Australia

PERTH, AUSTRALIA--May 13, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--Stanwell Limited's (Brisbane, Australia) gas-fired Swanbank E Power Station will close October 1 for up to three years, the company announced earlier this year. Stanwell cited high operational costs from rising gas prices as the cause of the shutdown, according to reports. Located in the Ipswich region of Queensland, Swanbank E was the last stage of the Swanbank power plant project.