The ACCC’s updated outlook on gas demand and supply confirms Australia’s east coast faces gas shortfalls as early as 2026.
We are now going to import our exported gas ......................... "its our only solution" ..........Squadron Energy’s Port Kembla Energy Terminal (PKET) is the only solution capable of resolving Australia’s looming domestic gas shortage by guaranteeing supply.
PKET is Australia’s only gas import terminal nearing completion. The terminal will meet forecast gas supply needs in the coming years, without the need for new gas fields in Australia.
Squadron Energy CEO Rob Wheals said Squadron Energy notes the ACCC Review of gas supply adequacy in the Australian East Coast markets.
“Australia’s east coast gas supply situation is dire and the ACCC report reflects the need for urgent action," Mr Wheals said.
“A reduced gas supply surplus in the 2025 low season is a red flag we just can’t afford to ignore.
