https://www.forbes.com/sites/woodma...ustralias-east-coast-gas-market/#608e8c1a6806
At last count, four separate project developers are proposing LNG import terminals in Australia. These come just as Australia is ramping up LNG production to overtake Qatar as the world's largest LNG exporter.
So what is going on? A combination of volatile gas demand, declining mature gas fields and LNG exports will lead to impending gas shortages where gas is consumed most in Australia: on the east coast.
LNG is now both the partial cause and the potential solution to these impending gas shortages. But LNG will change everything about the east Australian gas market particularly gas prices and there will be winners and losers. A new and uncertain market reality awaits gas consumers and producers in east Australia.
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