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Underarm
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Australia’s crazy gas supply failure

ANALYSIS: Australia is one of the world’s biggest gas exporters, but was facing the prospect of importing gas until major corporates started to flex their muscles.

WATCH: NBR senior journalist Lachlan Colquhoun speaks with Will Mace.

© All content copyright NBR. Do not reproduce, even if you have a paid subscription.


There was a time, back in the 1970s, that Australia sourced about 70% of its oil supply from the offshore fields of Bass Strait, and even exported to New Zealand.

That industry was gradually wound back to the point

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Lachlan Colquhoun Wed, 10 Dec 2025
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Australia’s crazy gas supply failure
Underarm,
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