The energy market regulator warns of gas shortages during extreme weather this winter due to declining gas production in the south and uncertainty over whether exporters would redirect gas supply if needed.
abc.net.au/news/aemo-warns-winter-weather-may-cause-gas-shortfall/102097256Extreme weather this winter may lead to gas shortfalls, especially if coal and renewable alternatives to meet demand are unavailable, the energy market regulator has warned.
The risk of a shortfall would rise further if excess gas production was exported rather than used to meet local demand. AEMO said its assessments were largely made before the federal government's intervention to cap gas prices, and the effect that intervention would have on demand and supply investments was not yet clear.
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