Australia Could Be Hit by Natural Gas Shortage in 2027

Australia’s east coast could see shortages of natural gas as early as in 2027 unless more supply is made available soon, the Australian Competition and Consumer Commission (ACCC) said in a report on Thursday, adding another warning about the domestic market of one of the world’s biggest LNG exporters. “Long-term solutions to gas market shortfalls will require a range of policy and market responses,” ACCC said in its interim Gas Inquiry report, as carried by Bloomberg. “Amongst these, there is an urgent need to…