Australian gas warning
July 5 (LNGJ) - The Australian Competition and Consumer Commission (ACCC) has issued a warning to the nation on East Coast natural gas supplies and the trend for LNG exports. “The long-term supply outlook for gas makes shortfalls possible from 2027,” said the report.
“The East Coast gas market may experience gas supply shortfalls as early as 2027 unless new sources of supply are made available. The potential emergence of supply shortages is one year earlier than previously reported,” the ACCC warned. The short-term outlook concluded that there was “sufficient gas” for the fourth-quarter of 2024 and early 2025. “There is expected to be enough gas to meet East Coast demand, even if all un-contracted gas of LNG producers is exported,” the report added.
