The outlooks for both local and export supplies of gas are positive for the early months of next year, according to the Australian Competition and Consumer Commission inquiry’s September report.
The inquiry, which provides regular information on east coast supply, says there will be sufficient gas to meet domestic demand as we go into 2024, while exports are predicted to be 9% higher in the first quarter, compared to the same quarter this year.
Even if all uncontracted gas is exported, there will still be an overall east coast surplus of 1.4 petajoules in the first quarter of 2024, according to the report.
