Earnings for Australian LNG are expected to ease from A$92 billion in 2022–23 to A$64 billion by 2024–25, as global energy prices soften and some supply disruptions resolve. Geopolitical risks have worsened with the outbreak of conflict in Gaza. However, seasonal risks have abated as European countries successfully filled inventories ahead of the northern winter. The price outlook is largely unchanged, with winter demand expected to lift prices from US$12/MMBtu in the September quarter to around US$17/MMBtu by the March quarter 2024, with gradual declines to follow. Longer-term structural pressures should ease after 2025 as the US and Qatar bring […]