Australia’s three largest gas exporters, Shell, Origin Energy and Santos, have struck a deal with the federal government to supply the expected gas shortfall in 2018.
The Australian Competition and Consumer Commission (ACCC) and the Australia Energy Market Operator (AEMO) have both warned of major gas shortages starting in 2018, with the ACCC projecting supply shortfalls of up to 55 PJ on the Australian east coast in 2018, with the AEMO placing the expected shortfall at between 54 PJ and 107 PJ, while the 2019 shortfall is expected to be between 48 PJ and 102 PJ.
