Australia’s East Coast market running out of time
Looming supply shortfalls will force some difficult political decisions
Time is running out for Australia’s East Coast gas market, with projected supply shortages edging inexorably closer and the number of viable solutions dwindling. The Australian Competition and Consumer Commission (ACCC) issued a fresh warning in early July over the situation, noting that supply shortages could emerge sooner than expected in 2027. The ACCC’s alert came three months after the Australian Energy Market Operator (AEMO) published its annual Gas Statement of Opportunities (GSOO) in March, declaring that gas supply shortfalls would likely appear in 2028. While the market operator expected demand to fall, it said, “gas production is forecast to fall faster” and described new supply i
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
