Authorities in Australia are warning of an impending gas shortage on the east coast, particularly affecting southern states by 2026 during peak winter demand. This shortage is attributed to most gas production being earmarked for export. Paul Guerra, CEO of the Victorian Chamber of Commerce, emphasized the critical role of gas in the Victorian economy, with concerns that natural gas reserves could be depleted by 2027 or 2028. To mitigate potential power grid failures, gas generators may need to resort to burning diesel after warnings of a catastrophic supply shortfall. This situation has raised fears of extreme risk of outages within the next four years and criticism towards the state government's "mad ideology." Australia's status as a major natural gas exporter contrasts with the urgent need for investment to support the transition to renewable energy, as stated by the grid operator. The challenges include ensuring adequate gas supplies for Victoria and New South Wales, while also meeting commitments to reduce emissions. The Victorian energy minister acknowledged the reality of dwindling gas supplies but assured that there is "more than enough electricity" to meet needs.
The Victorian energy minister on Thursday said it was a reality the state was "running out of gas" but was adamant there was "more than enough electricity to meet our needs". https://t.co/Rual8o2P3C
Rising concern Victoria is on the brink of a gas crisis, with supply set to plummet, prompting warnings of outages by 2028. MORE: https://t.co/t5668pPAqE https://t.co/tWbcwTE2d7
Gas users are in danger of winter shortfalls in Victoria and NSW sooner than originally feared, posing a challenge for governments to shore up supplies of the fossil fuel while also delivering on pledges to reduce harmful emissions. https://t.co/y13zUxw1WP
Australia, one of the biggest exporters of natural gas, "urgently" needs investment to support increasing renewable energy, according to the grid operator https://t.co/ljMRqI0vv2
There are fears of an extreme risk of outages within the next four years, sparking criticism of the state government’s “mad ideology”. > https://t.co/sDN4GlRNxg https://t.co/b1KGutUvoz
Gas generators may be forced to burn diesel to keep the power grid running after authorities warned that states face a catastrophic supply shortfall from next year unless new sources of supply are developed. https://t.co/WZsRiJUHkO
(New from me): Southern Australian households to face gas shortages from 2026 as most production set for export | Energy | The Guardian https://t.co/WUi3sYyqFz
Southern Australian households to face gas shortages from 2026 as most production set for export https://t.co/XZPlJHYXus
Chief Executive Officer at Victorian Chamber of Commerce Paul Guerra says gas is a “pivotal” part of the Victorian economy and alludes to “rumours” of natural gas reserves being gone by 2027 or 2028. https://t.co/fcYLfUYv8Z
Authorities are set to issue a fresh warning of gas shortages on Australia’s east coast, with a supply squeeze set to hit southern states by 2026 during peak winter demand. Find out more: https://t.co/Iqaxp45Vd5 https://t.co/L3AR65OSij