Australia Could Face Gas Shortages As Early As 2027: ACCC

‘This predicted shortfall is likely to take place one year earlier than what previous reports have forecast,’ the ACCC said.

Blue flames rise from the burner of a natural gas stove in Orange, Calif., June 11, 2003. David McNew/Getty Images

Australia is expected to experience gas shortages as early as 2027 if the country does not secure new supply sources, the consumer watchdog has warned.

On July 5, the Australian Competition and Consumer Commission (ACCC) released its latest gas inquiry report (pdf), providing a snapshot of the east coast gas market’s outlook in both the short and long term.