Beetaloo or bust: the route to commercial success for an Australian shale play, page-44

Beetaloo or Bust, Jim!

The report also said gas shortfalls were projected to emerge from 2027, unless new supplies came online. That forecast brings forward by one year the likely crunch point, reflecting sluggish regulatory approvals and problems with existing supply sources.

Gas production in the southern states would decline over the short and medium term, the ACCC said, as gas fields in Victoria’s Gippsland Basin reached the end of their productive lives.

No new projects have been approved in time to prevent next year’s expected shortfall.

Treasurer Jim Chalmers welcomed projections showing there will be sufficient overall supply until 2026.