Xinhua, Sydney :
Australia’s national energy regulator has warned the federal government on Monday that the domestic supply of liquified natural gas (LNG) is at risk of a “supply shortfall.”
The Australian Energy Market Operator’s (AEMO) annual projections forecast a shortage of 54 petajoules in 2018 and 107 petajoules in 2019, which represents one-sixth of the country’s total demand each year.
AEMO chief executive Audrey Zibelman said the findings “suggest there is a need to look at reforms to improve predictability and stability in energy markets to the benefit of consumers.”
Shorty after the report was made public, Australian Prime Minister Malcolm Turnbull announced that the government would enact a policy to restrict export and reserve supply for the domestic market, if the country’s LNG producers did not attempt to fix the problem.
“We expect them to demonstrate to us what they have already indicated in meetings and in writing that they will ensure that there is not a shortage of gas next year on the east coast,” Turnbull said.
“If they are able to do that to the satisfaction of the Australian
Australia’s national energy regulator has warned the federal government on Monday that the domestic supply of liquified natural gas (LNG) is at risk of a “supply shortfall.”
The Australian Energy Market Operator’s (AEMO) annual projections forecast a shortage of 54 petajoules in 2018 and 107 petajoules in 2019, which represents one-sixth of the country’s total demand each year.
AEMO chief executive Audrey Zibelman said the findings “suggest there is a need to look at reforms to improve predictability and stability in energy markets to the benefit of consumers.”
Shorty after the report was made public, Australian Prime Minister Malcolm Turnbull announced that the government would enact a policy to restrict export and reserve supply for the domestic market, if the country’s LNG producers did not attempt to fix the problem.
“We expect them to demonstrate to us what they have already indicated in meetings and in writing that they will ensure that there is not a shortage of gas next year on the east coast,” Turnbull said.
“If they are able to do that to the satisfaction of the Australian
