Don't get too far of yourselves, guys, STX might not be the...

Don't get too far of yourselves, guys, STX might not be the Knight in Shining Armour that you hope it to be. You might have to fight hard to get and keep your share of the pie.

Note the two tables below. Reference the 9 May 2024 Future Gas Strategy Analytical Report.

	Australian gas production, 1970 to 2022
1
2
3
4	Year	Domestic Consumption	Exports	% of LNG trade
5	1970	2	0
6	1971	3	0

	2018	37	90	0.21
1	2019	44	102	0.21
2	2020	42	103	0.21
3	2021	40	108	0.21
4	2022	42	111	0.20

Note,

Australia produces 153 units of LNG.

Australia exports 111 units of LNG.

Australia consumes 42 units of LNG.

Therefore, we consume 27% of what we produce and export the rest (73%).

Australia is committed to meeting our long-term contracts

As of 2024, there are 51 contracts in force for Australian LNG. The volumes of gas exported under these contracts will decline as contracts expire by 2040. Unless Australian producers enter into new contracts, Australia’s share of the global LNG trade will decline as other major producers invest in significant additional export capacity and as LNG facilities reach their end of life. Some contracts are expected to be extended over time.

Depending on the way Government (and the Greens) approach this changing situation, we might be awash with gas in 2040. Not long now.

Life wasn't meant to be easy. Make of this what you will. J L.