New Moomba Gas Supply Hub launched
Source: Gas Today, 7 June 2016
The Australian Energy Market Operator (AEMO) has launched a newly established Moomba Gas Supply Hub and two additional trading locations at the Moomba to Adelaide pipeline and the Moomba to Sydney pipeline, which are now open for trading.
The Moomba Gas Supply Hub follows the successful introduction of the Wallumbilla Gas Supply Hub (GSH), established in 2014 to enhance the transparency and reliability of gas supply by creating a voluntary market that offers a low-cost, flexible method to buy and sell gas at interconnecting transmission pipelines.
The GSH is an exchange for the wholesale trading of natural gas, allowing participants to place anonymous offers or bids on a specified quantity of gas, at a specified price, which can then be automatically matched on the exchange to form transactions.
“The establishment of the Moomba Gas Supply Hub stemmed from the request of a number of large users in New South Wales and South Australia to consider the feasibility of this trading location,” said AEMO Managing Director and CEO Matt Zema.
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