Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

East Australia May Face Gas Supply Deficit, Market Operator Says

Australia’s east coast may face a natural gas supply shortfall amid growing local and Asian demand should companies in the area fail to develop reserves in time, according to the Australian Energy Market Operator.

A large quantity of the reserves in eastern Australia is committed to the liquefied natural gas export projects being built in Queensland state by BG Group Plc, Santos Ltd. and ConocoPhillips, the operator said in an e-mailed report.

Australia also will need to invest A$4 billion ($4.2 billion) in electricity transmission networks over 20 years, less than an earlier forecast of A$7 billion, because of slower energy demand growth, the market operator said in a separate statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.