Qld CSG producers will be at a big disadvantage if they have to sell to Sydney or Melbourne gas customers. The transport cost from qld is around $2.50 per GJ.
If delivered gas to Sydney is $9.50, qld gas producers will net only $7 per GJ. It gets worse if price of gas drops to $8.50. The problem is domestic gas market in qld is not big enough and at some point qld gas producers have to sell the gas farther away.
From COE Investor Pack:
• South-east Australia is reliant on Queensland gas to meet shortfall between local production and local demand
• Queensland providing ~70 PJ in 2019-20 then over 100 PJ pa
• Cost of Queensland gas delivered to south- east Australia is setting gas price
• Good market opportunities for gas from south- east Australia resources
Qld CSG producers will be at a big disadvantage if they have to...
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