#CommBankView #australianeconomy #energymarkets #lng
Australia is one of the world’s biggest LNG exporters, so why could the east coast face gas shortages later this decade?
Host Mandy Drury speaks with CommBank Head of Commodities and Sustainable Economics Vivek Dhar about why east coast gas prices have risen sharply over the past decade, the infrastructure constraints affecting future supply and what a domestic gas reservation scheme could mean for prices.
They also discuss why the outlook differs between Brisbane, Sydney and Melbourne, the role of pipeline capacity and new gas supply, and why gas remains important as Australia’s energy system shifts towards renewables.
Plus, CommBank Economist Lucinda Jerogin looks at the week ahead, including the European Central Bank, US inflation data and CommBank Wage and Labour Insights.
CHAPTERS
00:00 Introduction
00:55 Why gas matters to the east coast
03:01 Why gas prices have tripled
04:39 Why gas shortages are still possible
05:40 Port Kembla and LNG imports
06:56 The domestic supply obligation explained
09:02 Why Brisbane, Sydney and Melbourne differ
10:40 Pipeline expansion and the Bulloo Link
12:02 East coast versus Western Australia
13:34 The role of southern gas supply
15:08 Can the DSO keep prices down?
17:42 Long-term government offtake contracts
19:33 What businesses and households should watch
21:10 Gas and the renewable energy transition
24:11 Week ahead: ECB, US CPI and Australian wages
26:36 Wrap-up
Credit to : CommBank Business
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