The AEMO_Energy is expecting a tight gas market in WesternAustralia in the medium-term LNG energy supply demand
PERTH – Western Australia’s gas demand between 2023 and 2032 is expected to marginally exceed potential supply between 2023 and 2026, new data from the Australian Energy Market Operator’s found.said that for the period from 2023 to 2026, the Western Australian gas supply-demand balance is tight, with a small deficit of 45 PJ over the four years.“The forecast shortfalls are being driven by changes in production and increased demand, including for gas-powered generation and new resource projects.
Demand for gas generation in the South West Integrated System is expected to grow from 127 TJ per day in 2023 to 304 TJ per day in 2032 as Synergy’s scheduled coal generation retirements proceed, driving up demand for alternative generation to fill the gap. This, combined with committed resources projects, will see an annual average lift of 1.7% in demand.
The AEMO took note of the large volume of offshore and onshore undeveloped gas that could supply the Western Australian domestic market during the outlook period, but pointed out that these resources were currently too speculative to include in the potential supply forecasts. Western Australia is the largest consumer of natural gas in Australia, consuming almost as much gas as Queensland, New South Wales and Victoria combined, largely driven by the mining and minerals sector.
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