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.