Australia Delays Its Gas Crunch

Australia’s natural gas supply outlook has improved in recent months as near-term supply has improved, pushing back the expectation of extreme?peak-day?shortfalls in southern Australia to 2030, a year later than previously forecast, the Australian Energy Market Operator (AEMO) said on Thursday. AEMO’s latest gas adequacy outlook shows improved near-term supply conditions, thanks to increased?peak-day?gas supply, new infrastructure investment, and reduced consumption forecasts, according to the operator’s latest gas adequacy outlook.…