CSG market expectations
Eastern Australian gas demand growth of more than 2.5% per year is expected over the next two decades, with Queensland demand expected to grow at 5.3% per year over the same period. In the absence of gas supply from new sources a gas supply shortfall could emerge from 2010—12 as Cooper Basin production starts to decline more rapidly.
It is expected that the CSG industry will develop at a rate that will ensure eastern Australian gas requirements are met.
Based on current estimates CSG supply is expected to account for approximately 50% of eastern Australian gas demand by 2020. No other gas market in the world currently has this level of CSG penetration.
Eastern Australia projected gas production
Source: Wood Mackenzie's Eastern Australia Gas and Power Outlook to 2025
