Energy market operator threatens to intervene as Victoria's gas reserves fall

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The Australian Energy Market Operator has warned of dwindling gas reserves in Victoria, despite assurances from the Victorian government the state has plentiful supply.

The Australian Energy Market Operator has threatened to step in to stave off a potential gas shortage in Victoria as reserves at a storage facility in the state's south-west continue to fall.Energy market operator AEMO says dwindling gas reserves at a facility in Victoria's south-west are threatening the state's energy supply

"Depletion of gas at the Iona storage facility is posing a threat to the secure operation of Victoria's gas system if it keeps emptying at the current rate," AEMO said in a statement.A similar warning was issued to industry participants on July 11. Victoria's Energy Minister Lily D'Ambrosio said Victoria had more than enough gas supply to meet demand, and that the price cap would not be removed.

"Frankly, a fair price should be paid for gas. We've got more than enough supply to be able to meet our needs and it should be provided at a fair price."

 

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Well we’ll just sell off all our Natural Gas in the Bass fields for nothing then wring our hands and panic with no energy left. Well done Chairman / Democratic People's Republic of Victoria 🤬🤬🤬🤬

So to fix our gas shortage NSW will now source their gas from Qld instead of Victoria. Did we really need a genius to realise that would fix the problem? LilyDAmbrosioMP

Oh well, at least all the morons in Victoria that voted in dopey Dan feel good that he blew up all the coal fired power stations and replaced them with intermittent wind and solar power generation.

Another example of labours energy policy , a glimpse what ordinary Aussies will experience under labour

Australia east coast gas production is peaking. AEMO_Energy Huge loss of LNG exports from Gladstone which must be reduced by AlboMP Bowenchris intervention. Graph from:

hard to believe it’s hot to this.

Nice Vic, they just keep getting better

At some point at some time, someone somewhere will illustrate the futility and insanity of Government policy where one of the richest energy resource nations on the earth cannot provide energy security for its people. Dear oh dear...

Victoria will be an energy mess within a decade. The rest of the world now realising limitations of renewables yet Victoria doubles down committing to intermittent energy.

funny to watch all the intelligent people in this thread blame renewables. it's a gas shortage, not a renewables shortage - lmao

And yet AdamBandt wants to ban new gas.

Wonder why

Victoria has huge gas natural reserves.. Just the climate cookers won't let us touch them.

The gas reserves are falling on purpose. This is part of a plan by very evil people.

ABC/Labor/Greens/Lefties blaming everything but renewables, hilarious and sad. Renewables. It's getting a bit like socialism. Greta renewables aren't failing, it wasn't real renewables.

But Victoria has windmills and solar panels 💪🤪

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