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Brief
On December 20, 2024, the Australian Government made a decision regarding gas supply and demand. The decision was informed by the ACCC's interim gas inquiry report, which forecasts sufficient gas on the east coast to meet domestic demand from April to June 2025, even with maximum LNG exports. This suggests that Australia's east coast gas market will have enough supply for the specified period, with a surplus expected between 22 PJ and 38 PJ in the second quarter due to lower-than-expected gas demand.
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