The Australian Domestic Gas Market – A Tale Of Two Coasts.

14 May, 2019

The Australian Energy Market Operator’s (AEMO) December 2018 Western Australian Gas Statement of Opportunities and the March 2019 Gas Statement of Opportunities for Eastern and South-Eastern Australia provides a stark comparison between either side of the country.

While it might be easy to point to Western Australia’s abundant gas reserves, smaller population and favourable governmental policies as the reasons for WA’s apparent good fortunes, the reality is more complicated than that. What is clear, as AEMO points out, is the need for much greater planning and coordination in the east coast market to avoid the supply shortfalls that are expected from 2024.

Please click on the image to enlarge.

 

For further information, please contact:

Robert Merrick, Partner, Herbert Smith Freehills