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Gas producers say there's adequate supply despite a report citing a critical shortage

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Australian Petroleum Production & Exploration Association says the country has ample gas supplies but the Federal Government and operators need to come to a joint position into the future.

It follows the release of an ACCC report that revealed Australia is facing alarming gas shortfalls, with producers being urged to keep supplies onshore.

But APPEA CEO Damian Dwyer says there are four options to secure supplies including new development. 

(Photo: Santos generic)