Good work Pete.With today's news of Qld's importance to Eastern...

Good work Pete.

With today's news of Qld's importance to Eastern States growing gas needs (extract below) - should be a Happy New Year for Arrow holders.

"THE gas market will see a fundamental shift over the next two decades as gas-fired electricity generation expands under the Federal Government's carbon reduction scheme. Victoria's gas reserves will plunge and Queensland will become the dominant gas supplier on the east coast.

The forecast is contained in the first so-called ''Statement of Opportunities'' for gas released today by the Australian Energy Market Operator, which took over the running of the electricity market from the National Electricity Market Management Company earlier this year, and also took responsibility for the gas market.

The forecast suggests Queensland's domestic annual gas demand will treble to 458 petajoules by 2029 from 166PJ, and export demand for liquefied natural gas will reach 1302PJ by 2029. Victoria's annual demand will almost double to 403PJ by 2024.in this state."