Australian gas market outlook signals need for new investment

The latest gas market outlook for Australia’s east coast has forecast a gap in gas supply for southern states from 2028, as production from Bass Strait continues to decline faster than demand. The report signals that new investment is urgently needed if gas supply from 2028 is to keep up with demand from homes and businesses, and for gas-powered electricity generation. A range of investment options are being assessed that include pipeline upgrades, new domestic supply including renewable gases, and LNG import terminals. Source: AEMO Alternative view: Analysis by IEEFA raises questions over AEMO’s forecasts regarding gas demand for power […]