The east coast gas market explained: analysis of the gas market supply and demand dynamics
Joshua StablerEnergy Edge, PO Box 10755, GPO, Brisbane, Qld. Australia. Email: jstabler@energyedge.com.au
The APPEA Journal 58(1) 11-24 https://doi.org/10.1071/AJ17226
Submitted: 8 December 2017 Accepted: 15 January 2018 Published: 28 May 2018
Abstract
The Australian east coast gas market is experiencing arguably the most disruptive structural change since its inception, with the completion of the 25.4 mtpa Curtis Island Liquefied Natural Gas (LNG) facilities and the introduction of a fourth pillar to the market for domestic gas. However, this disruption was not in isolation and coincided with substitutional interactions with the electricity market already dealing with transition.
This report develops context for the natural gas market, establishes the four major avenues of markets and then investigates eight fundamental supply and demand dynamics that are influencing the market in an interconnected fashion. The report concludes that all participants of the gas market must address the multiple dynamic drivers including economic consideration, government policy and regulatory engagement to avoid disorderly market transition.
Josh Stabler is a highly energetic, passionate and respected Managing Director of Energy Edge. As an advisor and system developer in the Australian energy industry, Josh has developed detailed and accurate solutions and insights into the evolving gas market. Josh has spent fifteen years developing the unique ability to research, analyse and extrapolate individual market participant behaviours from highly opaque market sources. Using this skill, Josh has developed the Gas Market Analysis Tool (GMAT) and The Edge - Gas Market Update report. These provide market leading solutions to the opaque and disparate Australia gas market and interactions into the domestic electricity, retail and domestic gas market and the LNG export developments. Our clients have used this insight to extract value and confidence when engaging in the market as an existing or potential market participant. Josh is also able to provide clear and detailed due diligence analysis of new developments or mergers and acquisitions of electricity, gas and environmental market assets. A confident, engaged and articulate speaker, Josh has presented to a range of market stakeholders to provide unparalleled market assessments, share timely industry insight and inform and educate on the latest news and innovations. |
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