Australian Gas Shortage Delayed to 2029 on Better Batteries and Grid Investment, AEMO Says

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 worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting 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 worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Better batteries and more investment into the main electricity grid have helped delay a predicted natural gas shortage in Australia by a year.A shortfall is now seen during periods of peak demand in the southern regions by 2029, with a need for additional supply from 2030, the Australian Energy Market Operator said in its this year’s Gas Statement of Opportunities report. The region covers the states of New South Wales, Victoria, Tasmania and South Australia, as well as the Australian Capital Territory.