Southern states face a winter gas shortage and will rely on excess supply from Queensland.
Considerable storage and transport capacity is needed to shift the gas south, according to an interim report by the Australian Competition and Consumer Commission.
“It is imperative that gas flows from Queensland to the southern states and that there is enough storage for it,” Commissioner Anna Brakey said.
High demand is expected in the third quarters of 2023 and 2024. However, the report notes it depends on how much gas producers commit to the Australian market.
The commission described the overall outlook for both winters as “finely balanced.”…