Gas Demand in New South Wales Likely to Fall

Australian Mining reported that even though gas developers have been warning of impending gas shortages in New South Wales, gas demand in the area is likely to fall, leading to a price shock.

As quoted in the market news:

With prices rising, consumers who reduce gas use and switch to alternatives might well weather the storm best, and that could mean a big drop in the demand for gas. Our analysis suggests that gas demand in NSW could fall to as much as half within ten years.

Click here for the full Australian Mining report