Overview

• The ACCC interim report warns of an east coast gas shortfall from the fourth quarter of 2025 and structural deficits from 2028 if uncontracted Queensland LNG is exported.
• The Gas Market Review will assess regulatory reforms and consider forcing uncontracted supplies to domestic users.
• It will examine consolidating the Domestic Gas Security Mechanism, Gas Market Code and Heads of Agreement into a unified supply framework.
• Bowen underlines gas’s importance as a firming power alongside renewables projected to account for 82 percent of Australia’s grid.
• Minister Bowen pledged to protect existing export contracts to avoid sovereign risk, with consultations running for six months.