Push back on new gas supply from government are happening. It might hold up gas from Betaloo, Narrabri, new LNG import terminals and Bass Strait Joint Venture (Exxon and Woodside). And possible domestic gas reservation in the East Coast which would affect LNG exporters in QLD. This might open up a window for BPT gas from Moomba to be able to “rent” LNG capacity in Gladstone and supply LNG for exports.
Gas producers are also holding up investment decisions till government clarifies gas price cap and reasonable gas price rules.
Meanwhile, BPT has lots of new gas supply becoming available soon. Thylacine, Enterprise, Kupe in NZ and Lang Lang Gas Plant. No other
gas supplier are bringing in substantial new gas supply.
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