Record East Coast gas production for Q3
Source: Energy Magazine
10th December 2019
The gas balance for the 2019 September quarter has seen an increase in the supply of gas for the east coast domestic market.
Record CSG (coal-seam gas) production allowed Queensland’s LNG projects to satisfy political pressure to supply more gas to the east coast market while modestly increasing gas exports.
Short-term east coast gas prices averaged $8.23/GJ in Q3, down by 7.8 per cent from an average $8.93/GJ in Q3 2018 and down by 13.1 per cent from the Q2 2019 average of $9.48/GJ.
Queensland prices were lower than those in the south. The significant fall in prices is likely to weaken the case for tightening the ADGSM.
Read more HERE