Australia faces “precarious” gas supply in 2022, watchdog warns

• Posted in OilGas
• on August 17, 2021
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Australia’s southern states could face a gas shortfall in 2022 unless liquefied natural gas (LNG) exporters offer more gas into the domestic market, the Australian Competition and Consumer Commission (ACCC) said on Tuesday.

The report paints a more dire picture than the Australian Energy Market Operator (AEMO) gave in March, when it said plans by billionaire Andrew Forrest to have an LNG import terminal ready by 2022 would stave off any gas shortfall until 2026.

The ACCC said on Tuesday proposed LNG import terminals would not be ready until 2023 at the earliest.

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