Australia considers restricting supply in response to forecasts that its east coast could face a gas supply shortfall in 2023
Australia mulls LNG export controls
The recent energy supply crisis has resulted in a political backlash against the nation’s gas exporters
The Australian government is considering measures to restrict exports of LNG. But the country’s gas industry is urging caution. Competition watchdog the Australian Competition and Consumer Commission (ACCC)—which has overlapping staff and facilities with the national energy market overseer, the Australian Energy Regulator—issued a forecast predicting the country’s populous east coast could face a 56PJ gas supply shortfall in 2023. The outlook “has significantly worsened” says ACCC chair Gina Cass-Gottlieb, and the commission is "recommending the resources minister initiate the first step of the Australian Domestic Gas Security Mechanism [ADGSM]". The mechanism is “a measure of last resort wh
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
