Homes and businesses are in danger as soon as the winter of 2026 as local supplies fall far more quickly than demand.
Homes and businesses are in danger of facing temporary gas shortages as soon as the winter of 2026 unless Victoria or NSW start importing the fuel as new forecasts say local gas production is dropping far more quickly than demand.
“These two states will be reliant on liquefied natural gas imports within a few short years, or there simply won’t be enough gas supply to meet demand, and gas users will be unable to source gas at any price,” EnergyQuest chief executive Rick Wilkinson said. The looming shortage of gas, a key source of planet-warming carbon dioxide and methane emissions, presents a challenge for Australia, which is being forced to balance efforts to combat climate change with the need to shore up traditional energy supplies for consumers that still depend on them.
“The winter of 2026 is when we start to see those red flashing lights,” Wheals said. “Our focus is to make sure we are in the market and working with customers to make sure we’ve got the market well supplied.” ”Our project is about efficiently securing Victoria’s energy needs at the lowest cost – delivering gas close to where it is most needed – the large Melbourne and Geelong market – in an existing industrial port with only a short connection to the existing gas pipeline network,” a Viva spokesman said.
Squadron says its Port Kembla terminal would be the only option available to plug seasonal supply east coast gaps if they emerged from 2026-28. The company said the project would be able to direct more gas to Victoria under a plan to reverse the Eastern Gas Pipeline.
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