East Australia May Face Gas Supply Deficit, Market Operator Says
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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.