NSW Gas Plan should be revised in light of latest AEMO forecast

MEDIA RELEASE – 13 April 2015

Greens NSW mining spokesperson Jeremy Buckingham today called on the NSW Government to revise its Gas Plan to ban coal seam gas after the Australian Energy Market Operator (AEMO) 2015 Gas Statement of Opportunities forecast there would be no supply gaps in NSW in the short to medium term.

The AEMO excluded both the Narrabri and Gloucester coal seam gas projects because they are not considered ‘committed projects’, but finds lower demand and upgrades of interstate pipelines to allow more gas to flow from Victoria, and storage to be utilised in South Australia, means no gas supply gaps are expected.

“The scare campaign pushed by the coal seam gas industry has been exposed as a nonsense.  The Greens have always said there is enough conventional gas to supply NSW,” said Greens MP Jeremy Buckingham.

“The Baird Government should revise its NSW Gas Plan to exclude coal seam gas, given it is unnecessary, has been comprehensively rejected by voters, and is not worth the risk to land and water.

“IPART should also revise its decision for a 17% price hike for regulated gas, which now seems based on incorrect assumptions.

“There have been many deliberate games played by the upstream gas industry to try to scare people into accepting coal seam gas, or to manipulate the gas market in the shadow of east coast LNG exports beginning.

“The Greens are please to see the Australian Competition and Consumer Commission will investigate the upstream gas industry.  This is something I called for during the recent NSW Parliamentary Inquiry into gas supply and cost.

“Ultimately gas resources belong to all Australians and any cartel or other anti-competitive behaviour to exploit consumers or rip off our manufacturing sector should be stamped out,” Mr Buckingham said.

Contact: Max Phillips – 9230 2202 or 0419 444 916

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