WA Gas Statement of Opportunities
The Western Australia Gas Statement of Opportunities (WA GSOO) include forecasts of gas demand and supply, an overview of gas infrastructure in the state, and emerging issues affecting the gas industry. It is designed to assist gas market participants and other energy industry stakeholders to identify any potential shortfalls, constraints, and opportunities in the WA natural gas sector.
WA Gas Statement of Opportunities - December 2017
- WA Gas Statement of Opportunities - December 2017 (2.0 MB, pdf)
- WA GSOO Data Register - December 2017 (12.7 MB, xlsx)
- Gas Demand Methodology Report by Marsden Jacobs Associates: The Development of Annual and Peak Gas Demand Forecasts for the Western Australian Gas Market (3.4 MB, pdf)
The key findings of the 2017 WA GSOO are:
- The WA domestic gas market continues to evolve, with new production facilities and gas suppliers, and greater pipeline and gas storage capacity.
- In the near term, to 2020, the domestic gas market is well-supplied.
- WA has a Domestic Gas Policy that requires WA liquefied natural gas (LNG) export projects to make gas available to the WA domestic gas market on a long-term basis by setting aside reserves equivalent to 15% of their LNG production.
- Potential gas supply is expected to exceed forecast demand over the entire outlook period, assuming that new reserves are developed. Some uncertainty exists in the medium term, when reserves for domestic-only gas producers are expected to fall and forecast domestic gas prices remain low. If domestic gas prices remain low, new gas reserves may not be developed and supply may not meet demand in the medium to long term. This may be exacerbated given that exploration has fallen further since 2016. Exploration levels must be considered well in advance of potential supply shortfalls, because it can take up to five years to develop a conventional petroleum field.
- WA domestic gas demand growth remains low.
- Continued gas demand growth in WA is dependent on new resources and industrial gas-consuming projects. A mixed outlook persists for WA commodities.
- Under a separate modelling scenario that assumed committed and likely large-scale renewable generation projects proceed, total forecast gas demand is lower across the outlook period compared to the Base scenario forecast.
AEMO is responsible for preparing and publishing the WA GSOO under Part 6 of the Gas Services Information Rules. It is published each year by 31 December. The first four editions of the WA GSOO were published by the Independent Market Operator (IMO).
Supporting documents relating to the previous WA GSOOs can be found below.
Previous WA GSOO reports and supporting documents