East coast gas shortfalls could emerge as soon as 2027, a year earlier than was forecast six months ago – and in some states in 2026 – unless new sources of supply are made available, the competition watchdog has warned in a report.
Released on Friday, the Australian Competition and Consumer Commission report does not cover the supply squeeze that prompted the market operator last month to issue a “threat notice” of potential shortfalls of the fuel in southern states, amid production issues and a prolonged cold snap.
