The Declared Wholesale Gas Market (DWGM) prices in Victoria have been on a rising trend since the start-up of LNG exports in 2015. Is this trend sustainable, given the Gas Statement of Opportunities (GSOO) forecasts an improved gas supply outlook with the new Port Kembla Gas Terminal (PKGT) expected to come online in 2023?
In this Chart of the week, we investigate how different gas demand segments in VIC have been developing and discuss the potential impact of future supply on prices.
Login in or sign up for free to keep reading.
Get in touch to learn more about our Insight services, including Energy market perspective, Storage investment model, and Executive Summary.