Gas Supply Sufficient For 2024 But Smaller Surplus Forecast Accc While, overall, the supply of gas in 2024 is forecast to be sufficient across the east coast, the lng producers will need to commit small amounts of additional gas to the domestic market to avoid a shortfall in winter 2024. Tight gas supply eased in australia's eastern states during 2024, with a surplus higher than previously anticipated likely this year, according to the australian competition and consumer commission (accc).
Gas Supply Sufficient For 2024 But Smaller Surplus Forecast Accc While, overall, the supply of gas in 2024 is forecast to be sufficient across the east coast, the lng producers will need to commit small amounts of additional gas to the domestic market to avoid a shortfall in winter 2024. The minister’s decision was informed by the australian competition and consumer commission’s (accc) june 2024 interim gas inquiry report, which forecasts sufficient gas across the east coast to meet domestic demand. The accc report forecasts that supply is expected to exceed demand, with an east coast gas surplus of between 7 petajoules (pj) and 19 pj for the fourth quarter. the size of the surplus will depend on export levels. Australia’s east coast gas market is expected to have enough supply to meet overall demand in 2024, the australian competition & consumer commission’s (accc) june 2023 interim gas inquiry report reveals.
Gas Supply Outlook For First Quarter 2024 Shows Likely Surplus Accc The accc report forecasts that supply is expected to exceed demand, with an east coast gas surplus of between 7 petajoules (pj) and 19 pj for the fourth quarter. the size of the surplus will depend on export levels. Australia’s east coast gas market is expected to have enough supply to meet overall demand in 2024, the australian competition & consumer commission’s (accc) june 2023 interim gas inquiry report reveals. The australian government has elected not to activate an east coast gas supply protection tool this year, despite dire warnings of looming power shortages. Australian energy producers today said the accc gas inquiry march 2024 interim report reaffirmed the industry’s role in providing reliable and affordable energy to australian homes and businesses. the report, examining the third quarter of 2024, estimated east coast supplies would be 6pj in surplus. Australia will have a smaller surplus of gas by the end of march 2025, the australian competition & consumer commission has predicted. the accc said it expected a surplus of between 12 and 27 petajoules, significantly less than its previous forecast in june 2024 of 26pj 35pj. The accc has published its latest report providing transparency of gas supply and demand on the east coast. this an important source of information that supports market and government.
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