Users on edge as plunging production sparks warnings of Victorian gas supply crunch

The Bass Strait has long been a major source of Victoria's gas, but supplies are depleting fast. (Supplied: ExxonMobil)

Gas users in Victoria are bracing for a supply crunch that regulators warn could hit as soon as this winter as production from historic fields in the Bass Strait dramatically tapers off. 

Following a turbulent year in which gas prices had to be capped in Victoria, there are fears that supply shortfalls could inflict further pain on businesses and households in the years ahead.