PERTH – An independent report into Western Australia’s gas market has found that domestic supply would remain tight until 2027, until new supply led by Perth Basin and Scarborough volumes came online.
“New gas supply is needed to offset declining production from legacy fields and meet growing demand,” Rystad Energy said. Allowing onshore gas projects to access export markets would expand the number of commercially viable projects, unlocking new supply and delivering benefits to the Western Australian market.
Appea has also called for faster approvals to unlock new gas supply, and the development of a framework for price transparency developed in collaboration with industry. “Securing these benefits for Western Australia in future years requires a stable policy and regulatory environment that provides certainty to natural gas sector participants and investors.”