WA Gas Supply Secure Until 2027, Shortfalls Predicted by 2030

Western Australia’s domestic gas supply is projected to meet local demand until 2027, according to the 2024 Gas Statement of Opportunities (GSOO) released by the Australian Energy Market Operator (AEMO). This outlook has improved due to increased supply commitments from major producers like Woodside and a temporary reduction in industrial demand from closures at Alcoa’s Kwinana refinery and BHP Nickel West. However, significant shortfalls are anticipated by 2030, with 14% of demand expected to go unmet by 2034. The closure of coal power stations and reliance on gas for renewable energy backup are expected to drive demand, exacerbating the supply gap.

The GSOO highlights the need for long-term solutions as older gas fields deplete, despite recent policy adjustments like easing export bans and securing additional commitments from producers. The DomGas Alliance emphasises that the looming shortage is a critical threat not only to WA’s economy but to Australia’s broader economic stability, given the reliance on natural gas for powering mines, manufacturing, and mineral processing. The Alliance continues to advocate for onshore gas export bans from 2030 to prioritise domestic supply and secure WA’s economic future.

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