Last last week, the ACCC made it abundantly clear, once again, what’s happened to Australian energy:
The effect of LNG producers’ decisions on available gas
The LNG producers’ decisions on the timing of exports can have a material effect on the volumes of gas available to the east coast market throughout the year. In this instance, their decisions on re-shaping have reduced the amount of surplus gas available in quarter 1 2025.
In addition to seasonal shaping of export cargoes, the quantity of uncontracted gas available may change due to the exercise of flexibility provisions in export contracts, confirmation of LNG cargo delivery schedules, and unexpected LNG plant maintenance. All of these factors have contributed to changes in forecast export volumes by the LNG producers in the past, in some quarters increasing reported volumes and in other quarters reducing volumes.
We observe that the LNG producers are expecting to purchase more gas from the domestic market for export purposes in quarter 1 than they are expecting to sell back to the market in this quarter in 2025, as was the case for the first quarters of 2023 and 2024 (Chart 4). These gas purchases from the domestic market are made through both gas swap arrangements and direct engagement with domestic market participants. Net negative contributions to the domestic market are not problematic in themselves, but do highlight the market’s exposure to LNG producers’ exporting decisions, particularly in circumstances of other significant risks to supply, as we have identified in this report.
In short, Australians will be offered gas only after export customers, mostly in China, because the cartel does not have enough gas of its own and will need to purchase it from the domestic market.
This monopoly control is deliberately engineered by lying to authorities.
Support for such behaviour, by both political parties, is treason.
Here I am on ADH TV explaining the whole damn mess:
Reserve our gas now.
