Australia’s LNG export revenues are forecast to decline from $69 billion in 2023–24 to $60 billion by 2025–26. This outlook is largely unchanged from the September 2024 Resources and Energy Quarterly.

The fall in export earnings largely reflects a forecast drop in prices, though depletion of some reserves is expected to cut volumes slightly.

LNG prices remain relatively high, but new supply from the US and Qatar is forecast to bring prices down to around US$10/MMbtu by 2026.

(source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-december-2024)