• Australia says no longer faces natural gas shortfall before 2030

    Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert gas into the domestic market and reduced demand forecast for gas-fired power, according to the latest estimates from the nation’s energy market operator.

    “No supply gaps are forecast before 2030 under expected market conditions,” the Australian Energy Market Operator said on Friday in its annual outlook for gas.

    The outlook is starkly different from a year ago, when dire warnings from the market operator about potential shortfalls in eastern Australia from 2018 onward prompted the government to threaten to curb liquefied natural gas (LNG) exports.

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