From The Age: - Not that I think it will make much of a diff to us...
The energy market operator says Victoria and New South Wales are heading for a natural gas shortfall in winter months within four years as production from ExxonMobil and BHP's Bass Strait gas fields rapidly declines.One week after Victoria announced it would abolish part of its onshore gas-drilling ban in a bid to increase supply, new modelling to be released on Friday predicts a 35 per cent drop in production from existing gas fields within five years. The market operator's forecast, which was made before the escalation of the coronavirus pandemic, warns shortfalls could take effect as early as 2023 and could force restricted supplies to some consumers including gas-fired power plants.
TDO Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
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