Noosa News
Australian supply shortfall could hike costs
Victoria and NSW are facing a gas supply crisis and price hikes within three years unless additional gas developments are ramped up and a more competitive market, ACCC chairman Rod Sims has warned.
Queensland is also in danger of supply not meeting demand by 2026 as Mr Sims called for a more competitive local gas market.
He said at the core of the issue was a dysfunctional market where, despite gas prices falling significantly over the past year, costs were still higher than export parity.
The discovery was made in the ACCC’s January 2021…
-
General13 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News12 hours agoSuspicious fire, Glenview – Sunshine Coast
-
General20 hours agoRussian strikes kill at least ten in ‘horrific attack’ on Ukraine’s capital of Kyiv
-
Noosa News15 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns