Executives expected to tell PM that domestic buyers will have to sign contracts rather than hope for cheaper prices

Labor is warning the major gas companies could hold Malcolm Turnbull to ransom if he accepts their offer to fill next year’s looming domestic gas shortfall at the right price.

It comes as AGL Energy has delivered another political headache for Turnbull, with its chairman telling shareholders that the sale of the Liddell power plant would be “challenging”, despite the Coalition’s wishes.

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