Australia’s east coast forecast to avoid gas shortfall despite claims of looming supply crisis

ACCC report says region is expected to have surplus of six petajoules in third quarter ‘even if all uncontracted gas is exported’

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Australia’s east coast is expected to have a small surplus of gas in the third quarter of 2024, with an improvement in forecast supply since the gas market code was introduced.

Those are the results of the Australian Competition and Consumer Commission’s interim update on gas supply, to be released on Friday, which the Albanese government has said shows new enforceable supply commitments are making a difference.

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