Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), on Monday urged the federal government to consider limiting gas exports.
He warned Australia’s east coast could face a major gas shortage in 2023, posing a risk to businesses, households and energy security.
Liquefied natural gas (LNG) exporters are expected to withdraw more gas from the domestic market than they plan to supply. A shortage of about 10% of demand is expected.
In addition to urging to consider reducing exports, the ACCC is also urging producers to increase their supply to local markets.
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