Eastern Star Gas: Market Expectations

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 the rapidly maturing coal seam gas industry, a gas supply shortfall would have been likely around 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

major CSG sites

Source: Wood Mackenzie's Eastern Australia Gas and Power Outlook to 2025

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