Venice predicts Victorian gas shortages

The Australian reported that Venice Managing Director Kym Winter-Dewhirst said shortages on the southeast coast were likely to increase “from the beginning of next year when the reserves in the Otway Basin start to decline quite rapidly”. The forecast is divergent to the Australian Energy Market Operator’s June assessment that the gas market would continue …

The Australian reported that Venice Managing Director Kym Winter-Dewhirst said shortages on the southeast coast were likely to increase “from the beginning of next year when the reserves in the Otway Basin start to decline quite rapidly”.

The forecast is divergent to the Australian Energy Market Operator’s June assessment that the gas market would continue to improve and no supply gaps were expected before 2030.

Mr Winter-Dewhirst, who previously worked as a government relations executive for BHP, also said Venice was expecting further constraints which would result in a tightening of gas prices.

Venice is currently seeking government approval to develop an LNG import terminal in South Australia, to be supplied by Japanese-based Mitsubishi.

Show more

Related articles

Close