This linking also marks a fundamental change in demand and supply dynamics with these export terminals demanding more gas at full capacity than the entire east coast domestic market today. This of course has significant and uncertain impacts for all domestic gas stakeholders.
One of the key questions being asked is what impact there will be to east coast supply as LNG projects begin to demand increasing amounts of gas throughout 2015 and the rest of the decade. Will domestic producers be able to ramp up production at the same rate as demand increases from the LNG trains in Gladstone? NSW, in particular, may face supply shortfalls as early as 2016.
In order to address this issue, as well as numerous other challenges for the east coast gas market, this year’s Australian Domestic Gas Outlook Conference being held in Sydney from 23-26 March will play host to “˜The East Coast Gas Market’ conference day – specifically designed to reduce the level of uncertainty for stakeholders in the east coast gas market.
The day includes senior representatives of AGL, Senex, Metgasco, the Queensland government, Bureau of Resources and Energy Economics (BREE), APA Group, Australian Energy Market Operator (AEMO) as well as respected industry analysts and will look at both supply and demand side challenges facing the east coast market and opportunities to resolve them.
If you have a stake in the east coast market, the Australian Domestic Gas Outlook Conference is a not-to-be-missed platform where industry leaders will provide their insights into the state of play in this rapidly changing market.