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Australian Competition & Consumer Commission (ACCC) urge Fed gov’t to consider curbing #natgas exports
Warned Australia’s east coast could face major shortfall of gas in 2023
Risk to business, households, energy security.LNG exporters key to world supply
Australia’s competition watchdog is the ACCC
Liquefied natural gas (LNG) exporters are expected to remove more gas from the domestic market than they expect to supply. A shortage of around 10% of demand is forecast.
As well as urging consideration of curtailing exports the ACCC is also prompting producers to increase their supply to local markets.
Gazprom said on Saturday it had stopped supplying gas to Latvia
It accuses Latvia of “violating conditions for gas withdrawal,” but did not give any detailsGazprom is a Russian state-owned energy company it is beholden to Putin’s machinations against Europe. The announcement is the latest escalation in the energy dispute
Putin also said on Sunday that the Russian navy would receive hypersonic Zircon cruise missiles within the next few months. Putin was cagey on deployment locations, saying the area of their deployment would depend on Russian interests.
The EIA reported a higher-than-expected build of 41 Bcf of working gas in storage. Natural gas prices sold off after being sharply higher ahead of the
[See the full post at: Into The Vortex – EIA Reports Natural Gas Storage Rose Larger Than Expected 41 Bcf]
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