Projections of shortfalls – and calls for more production – come even as the bulk of gas produced in Australia is exported
East coast gas shortfalls could emerge as soon as 2027, a year earlier than was forecast six months ago, unless new sources of supply are made available, the competition watchdog has warned in a report.
Released on Friday, the Australian Competition and Consumer Commission report does not cover the supply squeeze that prompted the market operator last month to issue a “threat notice” of potential shortfalls of the fuel in southern states, amid production issues and a prolonged cold snap.
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