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 News23 hours agoTop chefs rally for Noosa Reds farmers Pete and Dory
-
Noosa News14 hours agoTerrifying break-in at childcare centre on Sunshine Coast ends with death of man
-
Business21 hours agoThis ASX healthcare stock could be a buy low bargain
-
Business19 hours agoprofit up 24%, outlook strong