There is a global gas glut looming over the next five years as US and Qatari volumes surge into seaborne markets.
However, those who propose importing this gas into Australia as the solution to our energy transition woes are barking up the wrong tree.
Current future pricing for JKM gas in Asia for mid-winter 2028 are still sitting at around $17Gj versus a local spot price of $13Gj today.
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