• About
  • Advertise
  • Subscribe
  • Contact
  • Events
Wednesday, June 18, 2025
Newsletter
SUBSCRIBE
  • News
    • Contracts awarded
    • Open tenders and opportunities
    • Events
  • Features
  • Water
  • Wastewater
  • Gas
  • Electricity
  • Civil Construction
  • Events
No Results
View All Results
  • News
    • Contracts awarded
    • Open tenders and opportunities
    • Events
  • Features
  • Water
  • Wastewater
  • Gas
  • Electricity
  • Civil Construction
  • Events
No Results
View All Results
Home

AEMO releases Gas Statement of Opportunities

by Utility Journalist
April 21, 2015
in Gas, News, Policy
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter

The Australian Energy Market Operator has released the 2015 Gas Statement of Opportunities (GSOO), which suggests that there will be no supply gaps forecasted to 2019.

Lower than forecast consumption levels, most notably in the industrial sector within Queensland and New South Wales, combined with upgrades to gas market infrastructure, have alleviated short-term supply gaps that were initially forecast by AEMO in its previous GSOO update in mid-2014.

The 2015 GSOO reports on the adequacy of eastern and south-eastern Australian gas markets to supply maximum demand and annual consumption, as forecast in the 2014 National Gas Forecasting Report (NGFR) published in December.

AEMO Managing Director and Chief Executive Officer Mr Matt Zema, said the shift in supply forecasts illustrates the dynamic, ever-changing natural gas landscape, most notably following the initiation of liquefied natural gas (LNG) exports.

“Australia’s eastern and south-eastern gas markets are experiencing rapid transformational change. The 2015 GSOO points to a 17%* forecast decline in New South Wales’ gas consumption in 2019 and identifies crucial upgrades to gas market infrastructure, such as the commissioning of the Newcastle LNG storage facility,” said Mr Zema.

“A fall in the forecast demand, increased capacity of the Victoria–New South Wales interconnector, and upgrades to the Moomba–Sydney and Moomba–Adelaide pipelines, all reduce the potential for supply gaps in the short term,” said Mr Zema.

The only forecast medium and long-term supply gaps are in Queensland, consisting predominantly of gas powered generation (GPG) supply.

“The forecast medium and long-term supply gaps equate to 214 PJ, down from the 1000 PJ anticipated in the 2013 GSOO, largely due to lower gas consumption forecasts following a reduction in the industrial consumption across eastern and south-eastern gas markets,” said Mr Zema.

The 2015 GSOO also confirms that the Victorian Declared Transmission System (DTS) can supply the maximum forecast 1-in-20-year gas demand of 1,257 TJ per day from 2015–2019.

APPEA states that the 2015 GSOO highlights the need to develop more gas to put downward pressure on prices.

“While it remains clear eastern and south-eastern Australia’s natural gas supply and demand is adjusting to a dynamic and transitioning market, new gas resources must be developed to alleviate pricing pressures for residential, industrial and commercial customers.”

“With demand declining for a number of reasons, including upgrades to gas market infrastructure and storage, now is the time to ensure exploration and development of natural gas is fostered in NSW and Victoria rather than hampered by moratoriums and excessive regulation.”

“Keeping in mind that gas projects take years to reach commercial production, planning for the state’s long-term energy needs remains paramount. Projects in NSW currently in the early stages of development could meet up to 65 per cent of the state’s domestic gas demand.”

The Australian Pipelines and Gas Association (APGA) acknowledges that the Australian Energy Market Operator (AEMO) is no longer forecasting a gas supply shortfall for Australia’s eastern markets.

“However, there must be serious concern that this change is caused primarily by a reduction in demand for gas,” APGA Chief Executive Cheryl Cartwright said.

“A reduction in industrial and commercial demand for gas, particularly in New South Wales, must be of real concern to policy-makers.

Related Posts

Image:  kstipek/stock.adobe.com

WA seeks industry feedback on future energy needs

by Sarah MacNamara
June 18, 2025

The Western Australian Government will engage with peak industry bodies to assess how the state can position its economy to...

The new community battery in Coburg. Image: Jemena

Jemena switches on new community battery

by Sarah MacNamara
June 18, 2025

Residents in Coburg are set to harness cheaper, cleaner and reliable energy, with Jemena and the Federal Government launching a...

Image: New South Wales Government

NSW Government unveils landmark VPP

by Sarah MacNamara
June 18, 2025

New South Wales is celebrating the launch of its first large-scale virtual power plant (VPP), aimed at managing the reliable...

Read our magazine

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Utility is the title of choice for decision makers at all levels of water and energy utilities, as well as other major players like consulting engineers and first-tier contractors. Utility is integrated across print and online, and explores the biggest news and issues across the utility industry. It is Australia’s only dedicated utility magazine, and covers all areas of the utility sector, including water and sewer, gas, electricity, communications and the NBN.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Utility

  • About
  • Advertise
  • Subscribe
  • Contact
  • Digital magazine
  • Events
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Water
  • Electricity
  • Projects
  • Water and Wastewater Treatment
  • Spotlight
  • Civil Construction
  • Renewable Energy

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
    • Contracts awarded
    • Open tenders and opportunities
    • Events
  • Features
  • Water
  • Wastewater
  • Gas
  • Electricity
  • Civil Construction
  • Events
  • About
  • Advertise
  • Subscribe
  • Contact

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited