Australia’s east coast gas crisis is set to sharply worsen. A new report from the Australian Competition and Consumer Commission (ACCC) notes supply conditions will deteriorate significantly in 2023 if no action is taken. The 56 petajoule shortfall is huge – equivalent to around 10% of domestic demand.
So what’s been done? You would have heard about the “gas trigger” the government is considering pulling. This trigger – formally known as the Australian Domestic Gas Mechanism – is designed to increase gas supply by limiting gas exports during periods of shortfall.
