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Australian Energy Producers
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In Western Australia, domestic supply is forecast to run short of demand from next year to 2029, before shortfalls return in 2030 (and worsen).
The Australian Energy Market Operator’s 2023 WA Gas Statement of Opportunities (GSOO) identified a tight supply-demand balance for WA’s domestic gas market, risking energy shortfalls and upward pressure on prices for households and businesses.
The WA domestic gas market is projected to be in deficit between 2024 and 2029, with potential supply from committed and expected projects up to 11 per cent below forecast demand.
Some will wrongly point to exports as the cause of supply or price issues, when in fact, exports underpin the domestic energy security of WA gas users.
A Rystad Energy study highlighted that allowing onshore gas projects to access export markets would expand the number of commercially viable projects, potentially unlocking further new supply.
Read our media release on the GSOO, and a report by Rystad Energy highlighting the growing importance of #NaturalGas and the need for investment in new supply,
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