Australian Government Will Shake Hands With Gas Producers to Tackle Gas Shortfalls

Energy's Australia Pacific liquefied natural gas facility at Curtis Island in north Queensland, Australia, on Oct. 10, 2016. AAP Image/Origin Energy

Australian Prime Minister Anthony Albanese is set to work closely with gas companies to address supply issues after an energy report predicts a gas shortfall in 2023 if exporters send all excess gas overseas.

Albanese on Tuesday stressed the importance of ensuring a consistent flow of domestic supply as the government revealed plans to invoke a gas trigger mechanism from next year until January 2030.