US EditionResources Minister Madeleine King to consider using special powers to protect energy supplies
The notice gives producers 30 days to offer more domestic supply as the ACCC forecasts a 12-petajoule winter shortfall.
- On Thursday, Resources Minister Madeleine King issued a 'notice of intent' under the Australian Domestic Gas Security Mechanism , signaling potential future limits on gas exports to secure domestic energy supplies.
- The ACCC forecast a potential shortfall of 12 petajoules for the third quarter, while global conflict in the Middle East complicates supply chains, prompting the government to avoid a repeat of the 2022 gas shortage.
- Exporters have 30 days to offer more supply for the domestic market, with Santos' Gladstone LNG chief executive Stephen Harty noting the company is not exporting at full capacity.
- Opposition Leader Angus Taylor criticized the move, claiming the government is "applying temporary fixes to a problem which required an ongoing solution," advocating for increased drilling instead.
- King will decide by mid-May whether to activate the ADGSM following consultations with producers, after the previous "Heads of Agreement" expired at year's start without a new deal.
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7 Articles
Government Moves to Save Winter Gas Supply as 76,000 Homes Face Shortfall
The Australian government has moved to protect 76,000 Australian homes from a looming winter energy shortfall, issuing a 30-day ultimatum to gas exporters to prioritise local supply over international profits. In a significant escalation, Resources Minister Madeleine King warned she is prepared to forcibly curb overseas shipments unless more gas is diverted to struggling southern states. The intervention follows an April 1 forecast from the ACCC…
Australian National Review - Government Moves to Save Winter Gas Supply as 76,000 Homes Face Shortfall
Australian Federal Resources Minister Madeleine King addresses the media alongside Prime Minister Anthony Albanese in Kwinana, Australia, on March 4, 2021. Paul Kane/Getty Images The Australian government has moved to protect 76,000 Australian homes from a looming winter energy shortfall, issuing a 30-day ultimatum to gas exporters to prioritise local supply over international profits. In a significant escalation, Resources Minister Madeleine K…
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