WA domestic gas expected to meet demand until 2024
A new Australian Energy Market Operator (AEMO) report has been releases with projections suggesting a finely balanced domestic gas market until 2031.
The report makes note that forecast demands from existing and prospective projects are expected to be met to at least the close of 2024.
The recently released 2021 WA Gas Statement of Opportunities (GSOO) outlines the potential supply gaps between 2025 and 2027, highlighting rates could reach 85TJ a day.
AEMO’s WA Markets Group Manager, Martin Maticka, said, “The peaks and dips observed in the 2021 WA GSOO indicate supply is expected to exceed demand until at least 2024, with the market tightening in the middle of the ten-year outlook period and then leveling out again from 2027.”
The report also focuses on the noticeable inter-dependencies between the gas and electricity market, as the effects of decarbonisation are felt through the energy sector.
“The strong linkages between Australia’s gas and electricity sectors mean that changes occurring in one sector will have an impact on the other,” said Mr Maticka.