Don't forget that there are projects in the pipeline that will add volume to the east coast:-
Offshore Bass Strait West Barracouta project by exxon-mobil,bhp due to supply from 2021
and the Narrabri project by Santos yet to be approved
and the often hyped import terminals - how many - 4 ?
with likely world recession gas demand will drop off and there will be surplus supply
Macquarie's target is for good times pre-Corona recession
If we drink enough coronas we will still think it is the good times
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