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Gas crisis

This Month

Omega Oil & Gas’s fracking operation at its Taroom Trough acreage in Queensland.

Full speed ahead on Qld’s Taroom Trough oil amid fuel security fears

Oil from 3 kilometres underground in south-east Queensland could flow to Ampol’s Brisbane refinery within two years, helping cut reliance on imports.

The extension of coal power plants, including Origin Energy’s Eraring in NSW, has reduced forecast demand for gas.

Batteries, coal push out East Coast gas shortage to 2029

Delays in coal power station closures and a wave of battery storage projects have cut expected demand for gas, helping ease the imminent threat of a shortfall.

The WA premier is urging gas giants to develop their unused fields off the state’s north-west.

Stand up to whinging gas giants

Readers’ letters on a controversial drawing in The Australian Financial Review, gas tax, replacing Jacinta Allan, and self-managed superannuation funds.

We need to get off fossil fuels to get to net zero, and transport contributes 20 per cent of our emissions.

We must avoid future fuel supply disruptions by planning now

The continuing economic impact of the energy crisis is unclear, but we should develop and implement a strategy to deal with the world as it is likely to be.

Why Australia must weaponise its LNG abundance now

Forget the old playbooks; the new world order demands economic statecraft. Australia must leverage its LNG exports immediately to secure its energy needs.

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Qatar’s Ras Laffan liquefied natural gas facility ablaz last week.

Supply cliff edge looms as Gulf’s final LNG shipments approach ports

Qatar’s LNG import terminals have reduced their operations to one-sixth of normal levels and will have stopped dispatching gas completely by the end of the month.

A Qatari LNG tanker loadisup at Ras Laffan sea port in northern Qatar.

Gas buyers ‘hold breath’ amid fears local prices to track LNG surge

The worries among users have been exacerbated by last week’s spike in LNG prices after the damage to Qatar’s facilities which may take up to five years to fix.

LNG is expected to provide $53 billion in export earnings for Australia this financial year.

LNG markets could face year-long turmoil after strike on Qatar facility

The missile attack on the plant could disrupt global supply for more than a year, as analysts tear up forecasts from earlier this year of a slump in prices.

Australia’s gas self-sufficiency means we are relatively insulated from global shocks, as our gas prices are largely determined by domestic supply and demand trends.

Don’t tax away Australia’s gas security

The Gas Market Review presents an opportunity to reset national policy and restore certainty and investment confidence for Australian producers and users.

Gas shortages are predicted for Melbourne this winter.

How the Iran war could hit your electricity bill this winter

Gas plays a pivotal role in our own domestic energy system, especially in winter. If it continues, this distant war may ripple into the Australian grid.

Prices for gas shipped by sea are expected by most forecasters to slump over the next few years.

As gas prices spiked this local producer couldn’t find a buyer despite 66pc discount

Origin Energy’s Queensland LNG venture is offering gas to east coast buyers at about a third of the price currently prevailing in the global export market.

Inpex chose Darwin for its Ichthys LNG plant partly to avoid Western Australia’s gas reservation obligations.

Darwin’s massive LNG ventures to fall under Labor’s gas reservation

Ichthys LNG’s Japanese backers moved the project to the Northern Territory almost two decades ago to escape a similar scheme that captures supply for local use.

February

An Omega Oil & Gas drilling site in the Taroom Trough in southern Queensland.

Qld’s Taroom Trough emerges as Australia’s new oil frontier

The area quietly attracted energy giant Shell years ago and is now drawing a growing crowd of local explorers.

January

Gas producers fear the proposal could result in underwriting support for LNG imports in Victoria.

Fears Victorian consumers will pay for gas imports under ‘last resort’ plan

Gas producers in Victoria say the government should act to streamline gas project approvals before considering plans for underwriting LNG import terminals.

Squadron Energy has completed the land-side part of its LNG import terminal at Port Kembla in NSW.

LNG importers cling to ambitions despite gas reservation scheme

Imported gas will still be needed in the south-east, even with a gas reserve, the ventures argue, rejecting suggestions that their projects are now redundant.

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December 2025

The Conoco-led drilling off Victoria is using the Transocean Equinox rig.

ConocoPhillips makes second gas strike in Victoria’s Otway Basin

News of a second gas strike comes amid worries that the federal government’s domestic gas reservation plan may undermine new projects.

Climate Change and Energy Minister Chris Bowen announced a gas reservation system in Canberra on Monday.

Manufacturers hail scheme to reserve east coast gas

Queensland LNG exporters will have to set aside 15 to 25 per cent of production for domestic customers under a program to be designed in detail next year.

Queensland’s LNG industry is under pressure to reduce domestic gas prices

Tensions flare among exporters in countdown to gas reserve

Queensland LNG ventures led by Origin Energy and Shell say there should be “no exceptions” for Santos’ GLNG in the east coast gas reservation system.

Santos’ GLNG venture ships LNG to Asia from Gladstone.

LNG giants make last ditch concessions to avert export controls

Santos’ GLNG venture has offered to cut purchases of gas from the domestic market and trim shipments as it attempts to head off far more onerous requirements.

November 2025

A rally held in 2022 in solidarity with the Gomeroi people’s opposition to the Narrabri gas project.

Santos hit by further delay on Narrabri gas ruling

A traditional owner appeal over the project’s approval was due to start on Tuesday but is now expected in March 2026 after the judge recused herself.