Supply & Demand

Australian gas shortage worse than thought – Turnbull

Australia is facing a more severe gas shortage than previously thought, Australian Prime Minister Malcolm Turnbull has said.
By Staff reporter 25 September 2017 0 27709

Australia is facing a more severe gas shortage than previously thought, The Sydney Morning Herald has reported Australian Prime Minister Malcolm Turnbull as saying.

The government has received reports from the Australian Energy Market Operator and the Australian Competition and Consumer Commission that have suggested the shortages on the country’s east coast could be considerably higher than estimated six months ago.

Shortages could reach 110 PJ over the next two years, Turnbull said. He called on the states concerned to fast-track development of...