Prices and crisis – LNG and Australia’s East Coast gas market

In 2017, a gas crisis emerged in Australia’s East Coast gas market. Gas prices had increased rapidly from mid-2016 as the full effect of the three LNG projects starting operations on Curtis Island worked through the gas market, putting domestic energy users under pressure. In March 2017, the Australian Energy Market Operator (AEMO) forecast gas shortages in coming years, potentially leading to blackouts and industrial closures. While gas shortages are no longer forecast, challenges in the East Coast gas market remain. This paper examines recent events in Australia’s East Coast gas market, the challenges ahead, and the relevance of these developments for other countries.

By: David Ledesma , Nikolai Drahos

Latest Tweets from @OxfordEnergy

  • Are Asian LNG Spot Prices Finally Decoupling from Oil? https://t.co/VwFrnNJHUS

    May 20th

  • Vitaly Yermakov quoted on the contamination of the Druzhba pipeline: Transneft was caught off guard because this ha… https://t.co/aOpNycyXbg

    May 19th

  • Natural Gas Vehicles are still increasing worldwide but electric vehicles are increasing more quickly. Do trucks pr… https://t.co/rooCJ7wvra

    May 14th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.