RESOURCES giant and one of Queensland's biggest employers Rio Tinto has joined the list of companies who have admitted the booming LNG industry is creating a gas shortage after 2015.
The admission follows claims by major manufacturers such as Incitec Pivot that they can't even buy gas and that an energy crisis is looming unless the State Government steps in and forces gas companies to reserve gas for domestic use, a move it is refusing to do.
The shortfall in available gas will also flow on to households through higher prices, according to energy suppliers.
But the major impact will be on manufacturers because gas prices are a far higher component of their business, ESAA managing director Matthew Warren said.
In a submission to the Federal Government's energy white paper Rio said the issue was largely due to uncertainty with many producers in balancing reserve growth, existing contract commitments and market expectations.
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Courier Mail
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