Australia forecasts sufficient east coast gas supply for Q4 2024, but warns of potential medium to long-term shortages.
Australia ’s government said on Monday it is confident that the country’s east coast will have enough natural gas supply in the fourth quarter of 2024.
Amongst these, there is an urgent need to develop new sources of gas production and supply,” ACCC said in the report. “Ensuring efficient supply to the east coast market would also be supported by increased competition in upstream production.” While ACCC sees sufficient gas supply in the near term, the forecast of possible shortages in the medium to long term is yet another warning about the domestic gas market of one of the world’s biggest LNG exporters.
Natural Gas East Coast LNG Exports Shortage ACCC Renewables Baseload Generation
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