Natural Gas Prices Forecast 2024 Australia. Australia has abundant gas resources. Australia’s gas market is likely to have enough supply from january to march 2024.

Spot natural gas prices in australia’s domestic market have jumped on winter demand and some supply outages, and the increase supports high gas and lng prices in the. Australia’s east coast gas market should have a 1.4 petajoule (pj) surplus in the first quarter of 2024, even if the lng producers export all their uncontracted gas, the accc’s september 2023 interim gas inquiry report shows.