Gas Supply Hub
In an Australian first, a voluntary gas supply hub has been established at Wallumbilla in Queensland to provide the gas industry with greater opportunity to buy and sell gas.
The initiative arose from the standing Council on Energy and Resources (SCER) which requested AEMO develop this hub to enhance transparency and reliability of gas supply by creating a voluntary market that offers a low-cost, flexible method to buy and sell gas at interconnecting transmission pipelines.
The gas supply hub is an exchange for the wholesale trading of natural gas. Participants place anonymous offers (to sell) or bids (to buy) a specified quantity at a specified price, which are automatically matched on the exchange to form transactions.
The new voluntary market responds to emerging challenges in the east coast gas markets. Queensland in particular is experiencing substantial developments in liquefied natural gas (LNG) exports, which has increased the need for more flexible and transparent upstream transactions between parties.
For general information see the attached fact sheet. If you have questions about the hub see Frequency Asked Questions or contact AEMO’s Information and Support Hub.
For companies interested in trading or following the market as a viewing participant, all of the information that you need is contained in the “Join the market” tab to the left.
To download the PDF version of the Gas Supply Hub Fact Sheet, please click here