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Australia Aims to Boost Gas Storage to Tackle Power Crunches

  • Energy minister met regional counterparts on supply shortages
  • Gas and electricity prices are rising sharply in Australia

Australia will seek to boost the ability of the country’s main energy market operator to store gas to prevent future price spikes. 

Energy minister Chris Bowen said enhancing the powers of the Australian Energy Market Operator, and its ability to stockpile fuel, are among a package of measures agreed Wednesday following a meeting with state-level counterparts.