The financial report for Advent Energy Limited for the year ending 30 June 2025 highlights pressing gas supply challenges in Australia. The report emphasizes that enhancing gas supply is essential for the nation’s economic stability and energy security. Recent findings from the Australian Competition and Consumer Commission (ACCC) underscore the urgent need for action to address these deficiencies.
According to the ACCC Gas Enquiry update released in June 2025, a well-functioning east coast gas market is vital for Australia’s long-term energy security. The report indicates that while there are sufficient gas reserves to meet domestic demand for at least the next decade, various factors—including policy and technical issues—have hindered their development over the past 15 years.
Supply concerns are escalating, particularly as gas production is failing to keep pace with demand. The ACCC warns of ongoing shortfalls in the southern states, with local reserves nearing the end of their economic life. The current market relies heavily on uncontracted gas from Queensland, which is transported over long distances.
The ACCC has projected significant supply gaps starting in 2028 unless new gas sources come online. It urges governments to enhance competition in upstream markets, remove regulatory barriers, and develop a comprehensive gas market system plan. Such measures are essential to confirm the role of gas during the energy transition and to foster market-led solutions that ensure energy sufficiency and security.
The anticipated shortfall could reach approximately 300 PJ per year by 2037, more than double the total consumption of New South Wales. This decline raises serious concerns as the majority of future production is expected to come from Queensland’s Surat and Bowen basins, while gas production in southern states continues to diminish.
In a statement reflecting the urgency of the situation, Samantha McCulloch, CEO of the Australian Energy Producers, noted that natural gas is crucial to Australia’s energy mix through 2050 and beyond. She emphasized that delays in project approvals and regulatory uncertainty are jeopardizing investment opportunities. McCulloch stated, “Without new gas projects, Australian households and businesses face higher energy prices, uncertain energy supply, and increased risk of blackouts.”
The gas industry significantly contributes to the Australian economy, generating approximately $105 billion annually and supporting 215,000 jobs. Natural gas accounts for roughly 40 percent of the energy used in the manufacturing sector, while in Western Australia, it supplies more than half of the energy required for mining and minerals processing.
Warnings about grid reliability have also emerged from the Australian Energy Market Operator (AEMO). In a review submission, AEMO’s CEO pointed out that increasing renewable energy penetration poses risks for grid stability. He highlighted the lack of investment in technologies necessary to replace coal’s stabilizing role, such as synchronous condensers and gas turbines.
During a keynote address at the Climate and Energy Summit in May 2025, the AEMO CEO reinforced the importance of gas-powered generation. He noted that flexible gas generation will serve as a critical backup in a high-renewable system. Gas can help maintain grid security, even when not actively consumed, provided that the facilities are designed for such functions.
As demand for gas continues to rise, particularly for heating and industrial processes, the need for investment in new gas supply becomes increasingly urgent. The production of gas is declining more rapidly than demand in southern states, making it essential to secure new gas exploration and development initiatives.
For more details, the full annual report can be accessed at [Advent Energy Limited](https://abnnewswire.net/lnk/19589F0V).
