Column: Australia’s gas sector says more supply is the answer. Probably not – Reuters.com

  • Date: 27-Mar-2023
  • Source: Reuters
  • Sector:Oil & Gas
  • Country:Qatar
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Column: Australia’s gas sector says more supply is the answer. Probably not – Reuters.com

LAUNCESTON, Australia, March 27 (Reuters) - The Australian natural gas sector believes it has the solution to warnings of a shortfall in domestic supplies in coming years. Produce more.

While that may seem an obvious answer, it's also the solution that is likely to be the hardest to deliver, and even if it could be achieved, it's likely to result in gas at prices many customers will deem too high to be economic.

It seems ironic that Australia, which vies with Qatar and the United States as the world's biggest exporter of liquefied natural gas (LNG), is facing a shortage of the fuel in the populated eastern states of New South Wales and Victoria.