Patricia Karvelas: This warning from AEMO says (gas supply) issues could appear as early as next year, which is pretty soon, how is the gas industry responding? The report that AEMO released yesterday is the latest in a series of warnings about gas supply shortfalls on the east coast of Australia. SM: Look, I think the consequences of having gas shortages need to be recognised, there are millions of Australian households that rely on gas for heating and for cooking. Victoria really needs to be developing its own gas resources to be able to supply that local demand. But I think the key thing is there are some opportunities to electrify, including in the household sector, but natural gas currently provides around 42 per cent of the energy needs for our manufacturing sector.

Source: The Express Tribune May 12, 2024 21:46 UTC