Gas shortfall concerns downgraded: ACCC

The east coast gas supply forecast has improved but the outlook remains uncertain, the ACCC says. (Joel Carrett/AAP PHOTOS) (AAP)

Australia is in a better position to meet its local gas needs but big exporters will need to supply some of their uncontracted gas to domestic markets to make up the shortfall.

Last year, the consumer watchdog raised concerns manufacturers could go out of business unless a more affordable domestic gas supply was secured.