The Port Kembla Gas Terminal will be vital to avoid supply shortfalls
Australian gas market poised for ‘transformation’
Timely delivery of new projects will be vital to avoid shortfalls, AEMO says
Australia’s east coast gas market is “on the cusp of transformation”, the Australian Energy Market Operator (AEMO) says in its 2021 Gas Statement of Opportunities. But rapidly declining production flexibility means there is potential for supply shortfalls in coming years unless new projects are delivered on time. Chief among these developments, AEMO says, is the proposed Port Kembla Gas Terminal (PKGT) in New South Wales. Faith in imports The $250mn ($193.5mn) PKGT project, promoted by Australian Industrial Energy (AIE), is largely responsible for AEMO’s more bullish short-term supply forecast. Its timely startup would, according to AEMO calculations, delay an anticipated gas supply shortfal
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
