Eastern Australia at Risk of Imminent Natural Gas Shortages

Australia’s east coast faces natural gas shortages due to supply outages and higher gas-fired power demand amid cold weather and unusually low wind generation, the Australian energy regulator said this week. The Australian Energy Market Operator (AEMO) warned the industry and market earlier this week that underground natural gas storage supply could be inadequate to meet demand in Australia’s winter. “The supply of gas in all or part of the east coast gas system may be inadequate to meet demand,” AEMO said in a notice late…