Jemena MD: consumers need confidence in future gas supply9 May 2025 09:30
The report considered the role of regasification terminals as well as new northern gas supply – transported via new transcontinental pipelines – in closing Australia’s gas supply gap, while taking into account supply requirements, timing and the total delivered price of gas.
According to the report’s findings, new gas delivered via LNG or through new and augmented onshore pipelines would have a comparable total delivered price in the range of $14–19/GJ (noting the delivered price of southern gas is currently between $12–20/GJ according to the ACCC Gas Inquiry, March 2025).
The report also found that while the Beetaloo and Bowen/Surat Basins have substantial resource potential, these are not likely to be commercialised at scale until the start of the 2030s – meaning they will not be able to address forecast supply gaps across the east coast gas market from the second half of this decade. Transporting this gas to market will also require large scale new infrastructure and augmentation, with an estimated capex investment of between $8–10 billion.
“From the 2030s we see Australia’s east coast gas market being supplied by gas, which is transported via a mix of technologies including onshore pipelines and regasification terminals,” Mr Gillespie said.
Jemena has been working closely with Squadron Energy on Australia’s first LNG regasification terminal – Port Kembla Energy Terminal (PKET) – which Mr Gillespie said is set to be the most advanced in Australia, and will create a ‘virtual pipeline’ capable of flexibly receiving gas from Western Australia, the Northern Territory, Queensland, or overseas, depending on market dynamics.
https://utilitymagazine.com.au/jemena-md-consumers-need-confidence-in-future-gas-supply/
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