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Oz Energy Operator No Longer Forecasts Gas Shortfall

There is no longer a forecast shortfall of gas supply on Australia’s east coast in the near-term thanks in part to the Federal Government’s export control measures introduced last year and the under-construction Northern Territory-Queensland gas pipeline, the Australian Energy Market Operator (AEMO) said June 22. “A change in international market dynamics, lower demand for gas-powered generation, new pipeline interconnections and the Federal Government’s Australian Domestic Gas Supply Mechanism (ADGSM) have delivered an improved outlook for Australia’s east-coast gas markets,” AEMO said.