PESA ACT/NSW July Technical Lunch

PESA NSW July Technical Meeting

Finding new sources of gas to meet demand for NSW

NSW business and retail consumers require approximately 120 PJ of natural gas per year. Historically, gas supply has relied on traditional suppliers in the Cooper Basin, South Australia, the Gippsland Basin, and Victoria along with AGL Energy’s Camden Gas Project (5% of NSW requirements), to supply NSW’s gas needs. The role of natural gas in transforming to net zero in NSW is poorly understood whilst the gas markets attempt to avoid gas shortages as both Gippsland and Copper Basin fields decline below critical thresholds.

The recently announced Labour Government’s Future Gas Strategy is the latest in a long line of policies/statements/regulations attempting to promote new gas field development against a backdrop of declining fossil fuel investment and public sentiment.

The talk will examine a number of sedimentary basin in NSW including conventional and coal seam gas projects in the Sydney, Gloucester and Gunnedah Basins through the author’s unique perspective on what to look for and assess these project’s key technical risks in an attempt to explain where NSW’s next gas supply could come from.