A new gas import plant on the New South Wales coast is now 90% complete and could be brought online as soon as next year, more than making up for projected shortages, Squadron Energy’s CEO, Rob Wheals, says.
The Australian Energy Market Operator warned in a report released on Thursday that southern states could face gas shortfalls by the winter of 2025 and “small seasonal gaps” the next year as supplies from Bass Strait dwindle faster than demand.
