Via The Australian:
Australian east coast gas producers are making more money selling into domestic spot markets than selling their gas as LNG, while domestic prices rise to levels necessary to compete with gas being exported from $70 billion worth of LNG plants being built at Gladstone.
Consultants EnergyQuest said the short-term LNG netback price — that is, the LNG price less the price of processing gas into LNG — at the Wallumbilla hub in Queensland had slipped below the spot price of gas in Adelaide, Brisbane and Sydney during the third quarter of 2016.
