The annual Gas Statement of Opportunities Report by the AEMO has been released this week. The Report notes the growing dependence of the eastern states on gas as a key component of energy supply. The Statement highlights how decreasing production of gas will likely lead to an undersupply of gas for the domestic market by the end of 2018, destabilising the overall security of the energy system and increasing costs for consumers. To overcome this projected shortfall, the AEMO has recommended extensive planning be undertaken to ensure the security of the gas to eastern Australia.
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