Australian states may face gas shortages starting 2026 due to declining local production.

Australian states Victoria and New South Wales may face temporary gas shortages starting winter 2026 due to faster-than-expected declines in local gas production, especially from ExxonMobil's Bass Strait fields. Despite a shift towards electric alternatives, the transition is not quick enough to prevent potential shortfalls. Seasonal gaps are expected from 2026, with an annual deficit forecast for the east coast gas market from 2028.

December 01, 2024
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