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The east coast of Australia may face a pure fuel shortfall in 2023, prompting specialists to name for the nation to guard its vitality safety by diverting liquefied pure fuel (LNG) exports to the home market, in accordance with a report by the Australian Competitors & Client Fee (ACCC).
The Interim fuel report, launched yesterday, 1st August, forecasted that Australia’s east coast may face a shortfall of 56 petajoules (PJ) in 2023, a major enhance on the two PJ shortfall predicted final yr for 2022’s fuel provide.
With a big portion of the fuel produced in Australia’s east coast generated by corporations which are additionally LNG exporters, Gina Cass-Gottlieb, Chair, ACCC, said that the organisation is ‘strongly encouraging’ LNG exporters to right away enhance their provide into the market.
“Our newest fuel report finds that the outlook for the east coast fuel market has considerably worsened,” she added.
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