Exploration & Production

Australian east coast will need more gas to keep prices down – ACCC

Australia’s east coast has enough gas to meet demand in 2019 but supply needs to increase, the ACCC has said
By Staff reporter 2 August 2018 0 31990

Australia’s east coast gas market has enough supply to meet demand in 2019, but authorities and gas players will need to increase domestic supply to reduce prices in the future, the Australian Competition and Consumer Commission said on Thursday in its latest Gas Inquiry Interim Report.

Lower consumption by gas-fired power generators, higher production in the state of Victoria and the expected start of flows from the Northern Territory will ease pressure on supplies in 2019, said the commission.

But commercial...