Some editorial on a commercial solution to the East Coast gas shortage...
AGL gas import terminal plan draws global interest
http://www.theaustralian.com.au/bus...t/news-story/0081a103d4242b7b5eac174bd7650706
Leading Summary...
"Rising global gas production and falling spot prices are believed to have vastly improved the economics of an LNG import terminal being studied by AGL Energy, whose plans have sparked widespread interest from international gas sellers.
The Sydney-based energy giant has committed to naming a site in NSW, Victoria or South Australia in coming weeks as it studies the feasibility of opening an import terminal at a cost of up to $300 million in a bid to ease a potential supply shortage in tight east coast gas markets."
And...
Gas Crisis Lures Shell into Energy Trading
http://www.copyright link/business/gas-crisis-lures-shell-to-energy-trading-20170628-gx0gsp
Leading Summary...
"Royal Dutch Shell has established a new energy trading business in Australia and has already started work on mitigating the growing political risk of supply-side failure in the liquid natural gas drained east coast gas market.
Shell Energy Australia recently signed its first gas supply contract with a Victorian customer and the plan is to trade actively in Australia's domestic gas and electricity markets.
The immediate plan is that traders based in Melbourne and Brisbane will bypass existing market structures to deliver gas and electricity to, initially at least, commercial customers up and down the east coast.
The new operation will trade gas acquired from its own east coast gas joint venturesand from third party producers. Shell will trade power acquired from wholesales and directly from generators with a bias to peak and renewable production. And the still-evolving trading desk will be pointed at environmental products like carbon credits."
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OGP
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