Investor Presentaiton
11
a
East coast gas market
Market dynamics support Beach's investment strategy
Southeastern Australia gas demand vs production¹
beach
Queensland
LNG exports from
QCLNG, APLNG
and GLNG
Conventional supply
600
CSG supply
500
400
2300
200
100
0
2019
2020
2021
Supply gap expected to be met by
LNG diversions and/or LNG
imports in the absence of material
new indigenous supply sources
2035
2036
2037
2038
New
South
Wales
Victoria
7.
Location of
proposed LNG
import terminals
•
•
Southern production from anticipated projects
Southern production from existing and committed projects
Southern demand
AEMO forecasts Southeastern Australia gas production insufficient to meet demand
Supply shortfall has been met from Queensland, primarily gas diverted from LNG
AEMO forecasts demand/supply gap to widen, increasing reliance on LNG
ACCC reported² that Victorian and South Australian producers have agreed prices
ranging from $8.87 – 10.83/GJ for gas supply in 2020
1. Source: AEMO Gas Statement of Opportunities 2019. Southeastern Australia is defined as New South Wales, Victoria, South Australia and Tasmania
2. Source: ACCC Gas Inquiry Report 2017 - 2020 Interim Report July 2019, page 60. Expected 2020 wholesale producer gas commodity prices in the East Coast Gas Market, from Victoria and South Australian producers, for supply in 2020, agreed under GSAs executed between 1 January 2018 and 24 April 2019.View entire presentation