Gas producers are told to prove there will be enough supply for the domestic market next year, or face the threat of export restrictions.
The ACCC has projected a shortfall of about 10 per cent of the nation's gas demand next year as producers withdraw more domestic supply for export, where it can sell for a better price.
In a statement, the head of the industry's peak body, the Australian Petroleum Production and Exploration Association , said there was no gas shortfall and no shortfall coming. "Gas customers can be assured supply will be adequate next year so households and businesses can continue uninterrupted." Ms King says the government will revisit those agreements with exporters, which were due to expire next year.
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