Thursday, 10 March 2016
Timely gas reserve development key to meeting long-term gas demand
Market data from AEMO’s 2016 Gas Statement of Opportunities (GSOO) shows gas reserve development is required by 2019 to maintain long-term gas supply adequacy in eastern and south-eastern Australia.
The 2016 GSOO uses the demand forecast scenarios from the 2015 NGFR, and production and supply information provided by industry, including wholesale gas contract information, to assess the adequacy of gas infrastructure and resources to meet demand in eastern and south-eastern Australia to 2035.
The GSOO is based on data provided by industry participants up to 10 December 2015.