Australia’s east coast gas market is forecast to have a surplus of between 69 and 110 petajoules in 2025 if Queensland’s LNG producers export all of their uncontracted gas, the ACCC’s latest gas inquiry report shows.
Australia’s competition watchdog the ACCC has called for stronger measures to be taken to keep high gas prices in check, saying there is a need to ensure businesses and households are not paying more for gas than would be expected in a well-functioning market.
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