NT may need to buy gas from Queensland if low local production continues: ACCC

NT may need to buy gas from Queensland if low local production continues: ACCC

by | Apr 11, 2024 | Business, News, Subscriber | 0 comments

If low gas production from the Blacktip gas field continues, it could force the NT to import gas from Queensland in the third quarter of this year, an Australian Competition and Consumer Commission gas report says.

On a national perspective the ACCC chair Gina Cass-Gottlieb said Australia’s east coast gas market is expected to have a 6 petajoule surplus in the third quarter of 2024, even if Australia Pacific’s LNG plant, Shell’s QGC plant, and Santos LNG plant, which are all in Queensland, export all their uncontracted gas.

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