The Australian Energy Market Operator (AEMO) forecasts gas supply until at least 2026 across the eastern and south-eastern gas systems.
AEMO’s Gas Statement of Opportunities (GSOO) report for March 2021 finds this outlook depends on field developments and pipeline expansions. One such project is the Port Kembla Gas Terminal (PKGT), Australia’s first LNG import facility. The terminal is planned for completion by winter 2023.
AEMO Group Manager, Forecasting, Nicola Falcon, said the GSOO report recognises the potential of electrification, hydrogen, a gas-fired recovery and LNG imports to influence investment in the gas sector.
‘Australia’s energy sector is going through a rapid transition, driven by changes in consumer behaviour and efforts to decarbonise the system,’ Ms Falcon said.
The Australian Government and state and territory governments will work with industry in delivering gas infrastructure projects.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said, ‘We have been taking action to help secure the gas supplies that are vital to our economic recovery to avoid potential shortfalls and price hikes.’