HomeBusinessACCC Issues Warning About Potential Gas Shortage in Victoria

ACCC Issues Warning About Potential Gas Shortage in Victoria

Victoria Faces Possible Gas Shortage Within Three Years

The Australian Competition and Consumer Commission (ACCC) has warned that Victoria may experience a gas shortage in the next three years. Despite being one of the world’s leading natural gas exporters, local supplies are tightening. 

The ACCC predicted a surplus of 26 to 35 petajoules by the end of March next year, but this could drop to as low as 12 petajoules. This decline is attributed to an increase in contracted exports. In response, Victoria’s Energy Minister is overseeing new gas storage projects following government approval for new drilling sites.

Source Skynews

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Membership Plan

Free Membership

$0 AUD /month

Basic Membership

$40 AUD /month

Premium Membership

$100 AUD /month

Elite Membership

$400 AUD /month

CATEGORIES

Most Popular

Recent Comments