Australian Government Secures 300 PJ Gas Deals to Prevent Gas Shortages

The Australian Labor government has struck a deal with two energy companies to prevent a forecasted significant gas shortfall in the short term. APLNG and Senex will be responsible for supplying 300 petajoules of gas–equivalent to two years of east coast industrial usage–to the domestic market by 2030, of which 140 petajoules will be delivered by the end of 2027. Federal Energy and Climate Change Minister Chris Bowen said the deal would help preclude projected gas shortages by 2027. “The energy market operator and ACCC (Australian Competition and Consumer Commission) have warned that we will not have enough gas to power factories, generate power, cook, and heat homes in 2027,” he said in a statement....