Australian Energy Market Operator says eastern and south-eastern states could face even higher energy prices and a falling gas supply

Australia’s eastern states face an energy shortfall three times higher than forecast, with gas supply predicted to fall well short of what is needed unless action is taken, potentially meaning further export controls.

The Australian Energy Market Operator has reported next year’s gas supply shortfall could be “higher than expected” which could lead to even higher energy prices for eastern and south-eastern Australia, particularly for industry, which accounts for almost 40% of gas usage.

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