The competition watchdog has brought forward its prediction of gas shortfalls on the east coast market from 2028 to 2027, called for the “urgent” development of new sources of supply and suggested the use of LNG import terminals as a stopgap measure.
In its June 2024 gas inquiry interim report being released on Friday, the Australian Competition and Consumer Commission concludes shortages on the east coast market will emerge by 2027 “unless new sources of supply are made available”.
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