Looming gas shortage in Eastern Australia

An article to show the current demand of gas market in Australia. Just something nice to know while LCK is trying to negotiate some sales agreement.

Market data from the Australian Energy Market Operator’s (AEMO) 2016 Gas Statement of Opportunities (GSOO) shows that gas reserve development is required by 2019 to maintain long-term gas supply adequacy in eastern and southeastern Australia

AEMO managing director and CEO Matt Zema said that while there are no gas supply shortfalls forecast until 2029, the 2016 GSOO shows that developed gas reserves in eastern and southeastern Australia are only sufficient to meet forecast gas demand until 2019.
“This means that currently undeveloped gas reserves, including those reported as contingent resources and possible reserves, will be required to come online to meet forecast demand as early as 2019 when developed reserves are forecast to start to deplete,” Zema said.


http://www.aogdigital.com/component...rtage-demands-urgent-action-in-east-australia