RPT-Australia says no longer faces gas shortfall before 2030 [Reuters]
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Source: Reuters
RPT-Australia says no longer faces gas shortfall before 2030 | Reuters Reuters Staff 3 Min Read (Repeats item issued earlier with no change to text) * Gap closed by weaker demand forecast, higher supply outlook * Wind, solar growth shrinks need for gas-fired power By Sonali Paul MELBOURNE, June 22 (Reuters) - 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. The nation’s three east coast L
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