Gas development required to meet future energy demand
A projected decline in gas production could result in a shortfall of gas-powered electricity generation (GPG) impacting New South Wales, Victoria and South Australia from the summer of 2018-19, according to information provided in the Australian Energy Market Operator’s (AEMO) 2017 Gas Statement of Opportunities (GSOO).
The GSOO report, intended to assess the adequacy of gas infrastructure, reserves and resources to meet demand in eastern and south-eastern Australia to 2036, outlines that gas producers have forecast annual production to decline by 122 PJ, from 600 PJ in 2017 to 478 PJ in 2021. Based on this information, AEMO advises additional production will be required to meet the needs for GPG and residential, commercial and industrial gas consumers.
"At a time when LNG export is dominating demand and supply of gas in eastern states, strategic national planning of gas development has never been more critical for maintaining domestic energy supply adequacy across both gas and electricity sectors," said AEMO Chief Operating Officer Mike Cleary.
Wednesday, May 03, 2017
Subscribe to weekly updates
- Industry splurge leaves out gentailers
- Paris Agreement to shrink economy, says US’s Brookings Institution
- Renewables momentum continues, despite political chaos
- Records 'blown away' as rising power bill fears trigger solar PV surge
- Origin Energy able to supply electricity three times faster
- Sanjeev Gupta, Simec Zen Energy, ready to raise cash for renewables
- Paris target achieved eight years early
- ACCC to probe gas retailers’ ‘excessive margins’
- NSW, South Australia move to fast-track power connection
- Leading CEOs on the realities of energy policy paralysis