Related Articles
Forward article link
Share PDF with colleagues

Australia’s gas-led recovery dream faces supply wake-up

Canberra’s flagship post-Covid energy policy faces headwinds from a looming supply shortfall

Australia’s southern states could see a supply shortfall of up to 30PJ (equivalent to 2.2mn m³/d) as soon as 2024, according to the most recent Gas Inquiry 2017-2025 interim report from competition watchdog the Australian Competition and Consumer Commission (ACCC). The commission also warns the government’s expanded heads of agreement (HoA) with LNG exporters—which ensures that uncontracted gas must first be offered to domestic buyers on “competitive market terms”—is unlikely to be enough to bridge that gap. Indeed, while noting a decline in wholesale gas prices over the past year, the ACCC says the country needs to build import capacity if it wishes to avoid a price spike that will hurt lo

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Bangladesh hails Henry Hub linkage in US LNG deal
4 August 2021
South Asian importer hopes for price advantage compared with Brent
ExxonMobil announces 2021 Power Play finalists and community voting
4 August 2021
Sixteen outstanding professionals are up for awards across four categories, with community voting now open
BP’s Angolan JV could provide future template
3 August 2021
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video