Australian Gas Report: 2017-2025

Gas prices fell significantly during the past year, driven in part by the COVID-19 pandemic. While lower gas prices are providing some relief to manufacturers and other gas users on Australia’s east coast, prices were still higher than export parity. While east coast gas supply is expected to meet demand during 2021, a shortfall of as much as 30 PJ may arise by 2024 in the southern states, while the broader east coast gas market faces the risk of a shortfall in 2026. Source: ACCC (Australian Competition & Consumer Commission)