Australia Could Face Gas Shortages As Early As 2027: ACCC

Published on July 5, 2024

Australia is expected to experience gas shortages as early as 2027 if the country does not secure new supply sources, the consumer watchdog has warned. On July 5, the Australian Competition and Consumer Commission (ACCC) released its latest gas inquiry report (pdf), providing a snapshot of the east coast gas market’s outlook in both the short and long term. The report forecasted that there would be sufficient supply to meet demand in the short term. Specifically, the ACCC estimated a gas surplus of between 69 and 110 petajoules for 2025 and a surplus of between 54 and 98 petajoules for 2026, depending on whether liquefied natural gas (LNG) producers exported all their uncontracted gas....

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