Australia: Queensland LNG demand increased in Q4

East coast wholesale gas prices continue to trend downwards, averaging $10.83 per gigajoule (GJ) for the quarter, significantly lower than Q4 2022’s $17.79/GJ, though slightly higher than $10.41/GJ in Q3 2022. Gas demand increased by 3% this quarter compared to Q4 2022, solely driven by higher demand for Queensland LNG exports. Domestic gas supply shifts observed in Q2 and Q3 […]