The New South Wales State Government has committed to the development of its coal seam gas industry while ensuring that the regulatory regime is in place to protect its water resources and environment.
Chris Hartcher, the State’s Minister for Resources and Energy, told the APPEA 2012 Conference in Adelaide today that New South Wales could face a supply bottleneck as soon as 2014 as its existing gas supply contracts expire soon.
He also pointed to the APPEA submission to the Federal Energy White Paper that forecast cumulative East Coast requirement for gas for electricity generation to 2030 would hit 10,000 petajoules, one third of which will be needed in his state.
Meanwhile, ACIL Tasman had forecast that domestic prices on the east coast – especially in New South Wales – could double by 2014 while the Australian Market Operator said gas demand would triple by 2030.
Chris Hartcher, the State’s Minister for Resources and Energy, told the APPEA 2012 Conference in Adelaide today that New South Wales could face a supply bottleneck as soon as 2014 as its existing gas supply contracts expire soon.
He also pointed to the APPEA submission to the Federal Energy White Paper that forecast cumulative East Coast requirement for gas for electricity generation to 2030 would hit 10,000 petajoules, one third of which will be needed in his state.
Meanwhile, ACIL Tasman had forecast that domestic prices on the east coast – especially in New South Wales – could double by 2014 while the Australian Market Operator said gas demand would triple by 2030.
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