2024 Q3 Australia's east coast gas market forecasts a 6 PJ surplus despite potential full LNG exports, a 10 PJ improvement since Dec 2023 ACCC report.

In Q3 2024, Australia's east coast gas market is expected to have a six petajoule surplus, despite the three LNG producers potentially exporting all their uncontracted gas. This forecast is a 10 petajoule improvement since the ACCC's Dec 2023 report and represents the first time a supply surplus has been predicted for that quarter. However, the ACCC warns that the outlook remains uncertain due to potential changes in both supply and demand.