Australia Needs More Gas to Avert Late-Decade Shortfall, Executives Warn Amid Middle East Turmoil
Updated
Updated · Bloomberg · May 19
Australia Needs More Gas to Avert Late-Decade Shortfall, Executives Warn Amid Middle East Turmoil
2 articles · Updated · Bloomberg · May 19
Australia faces a risk of domestic natural-gas shortages later this decade unless it invests quickly in new supply, fossil-fuel executives said at an industry conference in Adelaide.
Shell Australia Chair Cecile Wake said the country "needs a lot more gas" urgently, arguing recent market disruption has exposed how dependent the world remains on oil and gas.
The warning tied Australia’s supply concerns to the Middle East conflict, which executives said has sharpened volatility in global energy markets and reinforced the case for more domestic production.
The comments add pressure to Australia’s energy debate by framing new gas investment as both a near-term supply safeguard and a response to geopolitical instability.
As a top LNG exporter, why does Australia face a severe domestic gas shortage and soaring prices for its own people?
Are new gas taxes a threat to energy security or a fair return on resources that giants have avoided paying?