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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
