According to a new report by the Australian Competition and Consumer Commission (ACCC), gas supplies on Australia’s east coast and southern states are under threat. During a conference on March 24, ACCC chair Rod Sims brought to attention a looming gas crisis—which may affect close to 90 percent of Australians—and pointed out we are running out of time to deal with the impending problem. “New sources of supply and related infrastructure will be required to avoid a potential shortfall in supply from 2P reserves in the east coast from 2026, and from as early as 2024 in the southern states,” Sims said. Sims noted that the long-term supply outlook is becoming critically dependent on the development of new projects. However, many of these projects are currently running behind and “will not come online in time, if at all,” and those that do come online will not be sufficient to avoid the estimated …