The minister’s decision was informed by the Australian Competition and Consumer Commission’s (ACCC) June 2023 interim gas inquiry report.
The data forecast sufficient gas supply to meet demand in Queensland and the southern states. That’s even if producers export all their uncontracted gas.
This means the government is confident:
- Australia’s gas market is likely to have enough supply from October to December 2023
- any supply shortages can be addressed without reducing gas exports.