LNG netback price series

The ACCC publishes the LNG netback price series as one of the measures to improve transparency of gas prices in the Australian east coast gas market.

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The LNG netback price series includes:

• historical monthly LNG netback prices at the Wallumbilla Gas Supply Hub (Wallumbilla) in Queensland, dating back to January 2016 based on a measure of historical Asian LNG spot prices, and
• forward monthly LNG netback prices at Wallumbilla, extending to at least the end of the following calendar year, based on a measure of expectations of future Asian LNG spot prices.

The chart below displays historical and forward LNG netback prices. Annual simple average forward prices are displayed only for each complete calendar year.

Updated on 16 February 2022. Next update on 1 March 2022.

Source: ACCC