Homes and business in eastern Australia are running short of gas amid new warnings that supplies are tightening ahead of next winter.
Homes and businesses in eastern Australia are running dangerously short of gas as supplies tighten ahead of next winter, prompting the consumer watchdog to launch an appeal for gas exporters to consider increasing deliveries to the local market instead of their customers overseas.
The ACCC’s warnings underscore a deepening challenge for state and federal political leaders who are being forced to balance efforts to slash emissions with the need to shore up traditional energy supplies for homes and businesses that depend on them. Governments are heeding the warnings, and are increasingly promoting projects to boost supplies of the fuel.
The ACCC on Friday said the LNG producers may be required to set aside even more uncontracted gas for the domestic east coast market to refill gas storage facilities and “mitigate the risks of a shortfall” next year.“In addition to helping to replenish gas stores, this gas would provide a buffer against any disruptions to production in the southern states and against higher than anticipated demand for gas-powered generation,” ACCC commissioner Anna Brakey said.
However, the decision to green-light new gas projects has fuelled a new clash between Labor and the Greens, who argue that Australia must not develop any new sources of fossil fuels. Australia’s ongoing use of gas – a major source of carbon dioxide and methane emissions that are dangerously heating the planet – has come into sharper focus as governments step up commitments to decarbonise.
Rick Wilkinson, the head of Australian consultancy EnergyQuest, said the domestic gas market had “scraped through another winter”, but the outlook continued to deteriorate, with shortfalls increasingly likely unless new supply came online.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia running risk of gas crunch next winter, warns ACCCHomes and business in eastern Australia are running short of gas amid new warnings that supplies are tightening ahead of next winter.
Read more »
Australia’s supermarket giants Coles and Woolworths an oligopoly, ACCC says7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
ACCC launches action against Coles and WoolworthsSarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.
Read more »
ACCC's interim report shows consumers paying more, trusting less at supermarketsCustomers say they don&x27;t trust the big chains&x27; pricing claims as the cost of a basket of groceries rises.
Read more »
ASX 200 LIVE: Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report.Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report. Follow updates here.
Read more »
‘Not the Australian spirit’: Albanese vows grocery crackdown after damning ACCC allegationsPrime Minister Anthony Albanese has revealed a draft of a new mandatory food and grocery code after the consumer watchdog accused Woolworths and Coles of fraudulent discounts.
Read more »