ACCC report findings
Prices offered to large commercial and industrial users have come down from a peak of $16/GJ in early 2017 to within an $8-12/GJ range since July 2017. • Since September, LNG producers had contracted 42 petajoules (PJ) of gas under long-term gas supply agreements to domestic buyers for supply in 2018. • Collectively, LNG producers reduced their LNG export contract and LNG feed gas requirements for 2018 by 34 PJ and planned LNG spot sales by 29 PJ. • LNG projects are still forecasting to sell 34 PJ on the international LNG spot markets in 2018.