Gas explorer Asset Energy, the investee of BPH Energy (ASX: BPH), is calling for the New South Wales and federal governments to “urgently” rethink their opposition to its offshore permit as Australia faces the grim reality of a major gas crisis.

At the start of August, federal resources minister Madeleine King opened consultations on ways to improve the operations of the Australian Domestic Gas Security Mechanism (ADGSM) as the east coast market draws closer to an expected major gas shortfall in 2023.

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