Ann: Quarterly report for the period ended 30 June 2018, page-20

You are right about the export terminals - three east coast: Curtis, Gladstone, Australia Pacific. They remove supply from the east coast, and because the export terminals operate with long term contracts, only import terminals can add to supply. So I should have talked only about import terminals. But the "energy content" pricing of gas, to align it with oil, is an artificial bureaucratic exercise in futility. Gas has its own markets, and its price will be determined by its own supply and demand. Its price could theoretically align with oil on various time scales, but only to the extent that oil and gas are interchangeable in those time scales - and they aren't very interchangeable. Gas and coal are actually more interchangeable than gas and oil, though we don't hear much about that.