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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Australia facing ‘alarming’ gas shortfall in 2023 as ACCC urges producers to keep supplies onshore

The treasurer Jim Chalmers
The treasurer Jim Chalmers says conditions in the east coast gas market are ‘alarming’ and the government will soon respond to the ACCC’s recommendations. Photograph: Lukas Coch/AAP

Businesses could be forced to close and households could be left without enough gas next year unless the big three exporters keep some of their uncontracted liquefied natural gas for the domestic market, the competition watchdog has warned.

In its gas inquiry 2017-2025 interim report released on Monday, the Australian Competition and Consumer Commission (ACCC) said the east coast gas market is facing a gas shortfall of 56 petajoules in 2023.

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