Gas Shortage Warning for Southern Australian States

Published on March 21, 2024

Australian Energy Market Operator (AEMO) is predicting gas supply shortages into the future, mostly in the southern states. The report warns of the risk of shortages on extreme peak demand days from 2025, small supply gaps from 2026, and greater supply gaps from 2028. Authors note that during the shift to a “net zero emissions future,” gas will continue to be used by Australians, supporting the electricity sector. The 2024 Gas Statement of Opportunities (GSOO) forecasts how adequate gas supplies will be in Australia from now until 2043. “The 2024 GSOO continues to forecast risks of shortfalls on extreme peak demand days from 2025 and the potential for small seasonal supply gaps from 2026, predominantly in southern Australia, ahead of annual supply gaps that will require new sources of supply from 2028,” the report states (pdf)....

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