Beetaloo or bust: the route to commercial success for an Australian shale play, page-102

AEMO:

East coast wholesale gas prices averaged $13.66 per gigajoule (GJ) for the quarter, lower than the $14.21/GJ in Q2 2023.  

Gas demand increased marginally, mostly driven by higher demand for gas-fired generation, up 18% from Q2 2023.

Domestic gas supply shifts continued, with declining production from gas fields connected to the Longford Gas Plant in Victoria the main contributor.

The quarter also saw AEMO notify the gas industry of a potential risk or threat to gas supply in parts of the east coast, due to the rapid decline in Iona underground gas storage inventory.

“These meetings enable AEMO to work with the industry to manage gas supplies across the east coast. They are important in the management of gas supply risks and support AEMO in keeping the market fully informed,” Mr Westerman said.