LNG exports prompt fall in Eastern Australia’s gas demand

LNG-exports-prompt-fall-in-east-coast-gas-demand-Dec24

A new report indicates that gas demand in eastern Australia has fallen by 32% since its peak in FY2012-13, largely due to the start of LNG exports from Queensland in 2015. This decline has coincided with a tripling of gas prices, significantly impacting sectors such as manufacturing and electricity generation, where gas demand has dropped nearly 60%

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