Gas demand will outstrip supply over next three years

Gas demand will outstrip supply over next three years
Output from gas fields has been declining. (Image: Getty)
Ian Llewellyn
Natural gas demand will outstrip supply over the next three years, according to the latest government statistics.The shortfall will put pressure on gas prices and raise further questions about whether some businesses can secure supply without reducing or stopping operations.There have been reports that some gas users have not been able to renew contracts or have faced much higher prices.  The increasing price of gas will flow through to wholesale electricity prices as gas or coal is required to cover peak demand prices.Meridian Energy chie...

More Editor's Picks

Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.

Emergency powers suggested to deal with gas supply woes
Editor's Picks

Emergency powers suggested to deal with gas supply woes

Govt warned of drop in economic activity and supply chain disruption.

Ian Llewellyn 23 Jul 2024
Gas supply a slow motion trainwreck: Pan Pac
Editor's Picks

Gas supply a slow motion trainwreck: Pan Pac

'Crisis is only warming up', says Pan Pac timber processor boss.

Ian Llewellyn 22 Jul 2024