Australia's East Coast Faces Unexpected Gas Shortage ...Middle East

The east coast of Australia is facing natural gas shortages earlier than previously expected, the country’s competition watchdog has warned, noting the market could swing into a deficit as early as the fourth quarter of this year. The government reacted to the report by saying it would consider setting up a „gas reservation” for the vulnerable states. “The east coast gas supply outlook for 2025 and 2026 has deteriorated despite an easing in gas prices in the second half of 2024,” the Australian Competition and Consumer…

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