Commenting on the EnergyQuest prediction of a critical gas shortage for Eastern Australia due to declining production from Bass Strait fields in the south and coal seam gas fields in the north, Southern Green Gas’s Rohan Gillespie talks of his company’s role in the emerging hydrogen economy and their aim to have price parity with fossil based natural gas by 2025.
Respected energy consultant EnergyQuest is forecasting a critical gas shortage due to declining production from both the Bass Strait fields in the south and the coal seam gas fields in the north. “The east coast faces a double whammy of insufficient gas in both the north and south” EnergyQuest Chief Executive, Dr Graeme Bethune, warns.
A report titled East Coast Gas Outlook to 2036 states an urgent need for LNG import projects in both Melbourne and Sydney to counter the risks of a growing gas shortages.
Commenting on the report, Southern Green Gas’ Rohan Gillespie stated; “We started our business targeting renewable energy markets, especially the emerging hydrogen economy, for domestic markets and as a way to export Australia’s sunshine. With this release, Southern Green Gas sees a major market in Australia just to supply existing gas markets. We now have an aim to be price parity with fossil based natural gas by 2025 – just to in time to address this predicted shortfall.”
Read the full report: www.energyquest.com.au/reports