Editing Regional effects of the 2021–2022 global energy crisis (section)

==== Australia ====

Australia's east coast faced very high gas and electricity prices and low reserve capacity in mid-2022, due to a combination of factors, including high prices for gas (which is exported via [[LNG]] terminals in Queensland and thus local prices depend on the global LNG market) and thermal coal, constrained production and transportation due to flooding in coal producing regions,<ref>{{Cite web |last=Leitch |first=David |date=2022-06-03 |title=La Niña's big hit on coal is forgotten factor behind Australia's energy crisis |url=https://reneweconomy.com.au/la-ninas-big-hit-on-coal-is-forgotten-factor-behind-australias-energy-crisis/ |access-date=2022-07-23 |website=RenewEconomy |language=en-AU}}</ref> and a series of outages in coal-fired power plants.  This led the Australian energy market operator [[AEMO]] to temporarily suspend operation of the east coast electricity market for the first time since its inception, and take direct control of generation and dispatch.<ref>{{Cite web |last=Packham |first=Colin |date=2022-06-17 |title=How the energy market broke and forced AEMO's hand |url=https://www.afr.com/companies/energy/how-the-energy-market-broke-and-forced-aemo-s-hand-20220617-p5auim |url-status=live |archive-url=https://web.archive.org/web/20220723040229/https://www.afr.com/companies/energy/how-the-energy-market-broke-and-forced-aemo-s-hand-20220617-p5auim |archive-date=2022-07-23 |access-date=2022-07-23 |website=[[Australian Financial Review]]}}</ref>  AEMO also intervened in the local gas market after a large gas storage facility in Victoria became increasingly depleted due to the "unprecedented demand".<ref>{{Cite news |date=2022-07-19 |title=Energy market operator intervenes to prevent gas shortage as Victoria's reserves fall |language=en-AU |work=ABC News |url=https://www.abc.net.au/news/2022-07-19/aemo-warning-of-possible-gas-shortage-in-victoria/101249632 |access-date=2022-07-23}}</ref>