Gas Shortage

So whilst the selloff continues, and prior to buying more SXY, I thought I would revisit the supply / demand for gas in Aus.

Supply in 15/16 was just under 3,500 PJ.

Demand for exports was 2,830 PJ, whilst domestic consumption was 1,506 PJ.

Its not rocket science to calculate the supply deficit which should support prices.

Add the project Atlas and WSGP wells that SXY is poised to deliver, and i'll be topping up more this week.

I think we have seen an irrational market wide selloff.

The charts below are from Gas Price Trends Review 2017, Oakley Greenwood, March 2018 - a good read