ACCC Warns of Gas Shortages in Australia’s Southern States, Imports Likely by 2027

The regulator said the decline in existing supply, coupled with the lack of new supply, would force the Southern states to import gas within the next 2 years.

Flames of a lit burner of a gas stove in Dortmund, western Germany, on Oct. 14, 2021. Ina Fassbender/AFP via Getty Images

Australia’s southern states may face “structural shortages” by 2027, potentially requiring imports to meet demand, according to the Australian Competition and Consumer Commission (ACCC).

Their new gas inquiry report (pdf) raises alarm about the risks of gas shortages in the next two years.