Treasurer puts gas companies on notice as supply shortfall looms

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The consumer watchdog has warned the local energy market may suffer a shortfall in wholesale supply as gas companies announce record profits.

Treasurer Jim Chalmers has put gas exporters on notice over a looming shortfall, urging them to “do the right thing by Australians” and ensure they offer any available supply to local companies that are struggling under sky-rocketing energy prices.

ACCC chair Gina Cass-Gottlieb said the consumer watchdog was “strongly encouraging” LNG producers to increase domestic supply or face market intervention. It is the largest projected shortfall since the ACCC began its long-running inquiry into the east-coast gas market in 2017. “This is more than enough gas to ensure that no shortfall occurs,” said Damian Dwyer of the Australian Petroleum Production and Exploration Association, which represents oil and gas companies.

 

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Love this man, he n Albo so sensible..

According to Andrew Probyn (ABC) most of our exported gas goes to western Europe and Japan. Very odd not to mention our largest customer, China, and very odd given that Western Europe doesn’t even appear in the lists. Whose ABC?

I’m sure they give a shit

Pretending government is in control of the treasonous corporations that own the parasite political class..laughable considering these american sanctions are being promoted. shame how you cannot discuss that our entire economy is being sacrificed for U.S FAILED GLOBAL HEGEMONY

Pretending the government is in control of the treasonous corporations that own the parasite political class.. laughable

Lol.....and they are shaking in there boots i bet. All good tho. They will just cap more wells and say there is no gas as the prices rise.

Just do it. Pull gas trigger while hitting these companies with massive tax increase

Don't put them on notice' just do it like they do with consumers.

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Treasurer puts gas companies on notice as supply shortfall looms“[The ACCC] projects a significant gas shortfall for next year unless gas producers supply more of their uncontracted or excess gas to the domestic market,” Treasurer Jim Chalmers said. | micksfoley micksfoley I will never give up my ducted gas heating. You can't beat the grunt of a gas powered system micksfoley Crikey! I'll almost fall off my chair when the Airbanese Govt actually DOES something instead of lip service micksfoley The pipeline probably cannot take it anyway
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