Propaganda push seeks gas reservation stall

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Via the AFR:

Gas supply on the east coast gas market has dramatically loosened up thanks to record production, bringing down domestic prices and weakening the case for federal government intervention, according to a leading research consultancy.

…Despite only a modest rise in LNG exports from Gladstone, the market saw a surplus of 17 petajoules in the quarter, the largest since LNG exports commenced from Queensland and a turnaround from the deficit of 17.9 PJ in the September quarter last year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.