LNG will also take a hit, as COVID-19 "crimps LNG demand," according to NAB analysts.
"The LNG market had issues of excess supply prior to Covid-19. A number of projects such as Woodside Petroleum's Scarborough and Browse projects have been put on hold," NAB said.
"We have further lowered our export volume and, more so price forecasts, although a weaker Australian dollar should help."
Gas to fire economic recovery, page-24
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