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…
-
Noosa News22 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General23 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General17 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General19 hours agoReason v magical climate thinking – voters have no choice