Business
Gas shortage looms for NSW and Victoria by 2024 – The Australian Financial Review
The Australian Competition and Consumer Commission has found gas prices are falling, but supply for southern states remains a concern.
Under the governments renewed heads of agreement with the three Queensland LNG exporters, this gas must be offered first to the domestic market on competitive terms.
The competition regulator said the extra gas from the LNG sector should act as a buffer for east coast gas supplies in 2021, but it may not be enough to deal with a potential shortfall over the next few years, especially in NSW and Victoria.
We have found that forecast production from 2P
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