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Gas shortages loom as Australian Energy Market Operator sounds alarm on production drop
video Winter next year could bring shortfalls in gas supply, as the Australian Energy Market Operator forecasts major gaps in the coming years. Gas supply into the southern network is trending downwards as fields in the Gippsland Basin age, potentially putting out 40 per cent less gas in 2028 than this year. However, gas consumption has decreased since the agency’s previous forecast, as more of the country electrifies. “The long-term production outlook represented by existing, committed and anticipated volumes for southern gas fields is in steep decline,” the AEMO says in the report. “Peak-day ... (full story)