More urgent wake up calls being communicated from APPEA as early as last week and the Maritime Executive who each have concerns of the looming gas shortage. This must bode well for central who are poised to supply gas starting from year 2018.
"The recent Council of Australian Governments' Energy Council meeting highlighted the urgent need to develop new gas reserves, given the likely supply shortfall in 2019. Production from the key basins in South Australia and offshore Victoria will begin to fall from 2017. We must find and develop new supplies of gas to offset falling output from Australia's long-established gas fields," APPEA said.
http://www.rigzone.com/news/oil_gas...ration_Spending_Data_is_an_Urgent_WakeUp_Call
And from the Maritime a Executive last week Australian Oil and Gas Industry in Free Fall
"The latest data continues a worrying trend that has been evident for many years, even when commodity prices were much higher. If the slide in exploration continues, Australian gas users will face more uncertainty about future supply and higher gas prices.”
http://www.maritime-executive.com/article/australian-oil-and-gas-industry-in-free-fall
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