Gas

Household electrification is unlikely to produce free money

Households consume around 30 per cent of Australia’s total energy account. They’ve historically been the most expensive to supply, have the most volatile demand and are most politically sensitive customers on the grid. One way to reduce household greenhouse emissions is to use zero emissions electricity for natural gas and run an electric car on …

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Our own European gas shortage

Australia is the world’s second biggest gas exporter, yet still we may face a regional version of the current European-styled gas supply crunch. Nationals leaders need not worry: Queensland is not affected. The ground zero of this looming gas shortage is Victoria, the result of declining local production and infrastructure constraints. How this gas market …

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Up, up and away…

Spot gas prices in the Victorian DTS system hit an eyewatering $58.44/GJ briefly on Friday. This is around 10 times the average price. What caused this price spike and what does it mean for gas users large and small? The price spike was due to a perfect storm of incidents and conditions. On the demand …

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Slow burn – eastern Australia gas projections

The latest Gas Statement of Opportunities (GSOO)  for eastern Australia indicates sufficient gas to meet demand provided LNG imports can commence by winter of 2023. This is when existing production from Longford in Victoria (which takes gas from several offshore fields) takes a nosedive. Even then shortages will emerge by around 2026 unless there is additional …

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