Late in 2013 there was a growing wave of commentary regarding the looming gas shortages but are these concerns overstated

James Marlay

Livewire Markets

Late in 2013 there was a growing wave of commentary regarding the looming gas shortages but are these concerns overstated? According to Envestra CEO, Ian Little, majors like Esso and BHP are sitting on large reserves in Bass Strait and are simply waiting for the market to come to them. Exxon and BHP have declined to say how much spare gas they have in Bass Strait, but Deutsche Bank analyst John Hirjee has previously claimed the two have the largest volume of uncontracted gas on the east coast and clearly have an amount of gas available at a certain price. Origin Energy purchased $3billion in gas from Bass Strait last year in a deal that has alleviated some of the concerns around the East Coast gas shortages. This article in The Australian raises some interesting questions around transparency in the east coast gas markets (VIEW LINK)


3 topics

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.