‘Threat notice’ flags elevated supply risks, as expert warns problems will get worse without urgent addition of more back-up resources
Gas production at Victoria’s Longford plant, which processes gas piped from the Bass Strait, has dropped because of unscheduled maintenance.Gas production at Victoria’s Longford plant, which processes gas piped from the Bass Strait, has dropped because of unscheduled maintenance.
In what it called a “threat notice”, the Australian Energy Market Operator told major industry players last Thursday: “Reduced storage facility delivery capacity may pose a risk to gas supply adequacy in southern jurisdictions on peak demand days during the winter peak demand period .” Still, the present strains provide near-term challenges to the energy sector in eastern Australia far removed from the federal opposition’s contentious plan for Australia to haveA spokesperson for Aemo said the aim of Thursday’s notice was to signal the market faced elevated risks. Gas storage levels were slightly below those for this time of year compared with 2021 and 2022.
Stepping up output from existing gasfields would probably provide only “marginal” extra gas, while new fields would take years to develop, he said.
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