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This week, the Minister for Resources Madeleine King convened meetings with Australia’s major east coast gas exporters to assess the outlook for east coast gas supply over the coming months.

These are quarterly meetings as part of the Heads of Agreement with LNG exporters.

The Government has also taken advice from the Australian Energy Market Operator and the Australian Competition and Consumer Commission about the energy outlook.

The latest AEMO forecasts, published last week, highlighted an improving medium-term outlook with annual gas market shortages pushed back to 2029. Importantly, this highlighted that there is sufficient supply of uncontracted gas to meet domestic needs until that time.

Updated advice from the ACCC shows that there is sufficient gas available in Q3 of 2025, but securing proactive commitments of 9PJ of gas prevents domestic demand being in competition with export customers.

While our advice suggests the market will remain well supplied, the Government has taken action to secure additional supply commitments from gas exporters for Q3 under the Heads of Agreement.

Gas producers have committed to make an additional 9 PJ of gas available for the domestic market in Q3. These new commitments mean there will be a buffer of gas supply during a time of peak demand. The commitments involve a range of measures including call options to gas powered generators, expressions of interests, delayed shipments of LNG cargoes and seasonal gas swaps.