Gas Prices

In reply to the Hon. A. KOUTSANTONIS (West Torrens) (24 November 2020).

The Hon. D.C. VAN HOLST PELLEKAAN (Stuart—Minister for Energy and Mining): I have been advised:

The Australian Energy Market Operator is of the view that the long-term gas price could range from between $8 to around $12 per gigajoule.

The draft 2021 Inputs, Assumptions and Scenarios Report will commence formal consultation on the scenarios, inputs and assumptions proposed for use in the Australian Energy Market Operator's 2021-22 forecasting and planning activities.

The gas price projections in the draft report, which will be a key input into the 2021 Gas Statement of Opportunities, indicate that from 2030 the forecast long-term delivered gas price for industrial customers in South Australia will be around $8.50 to $11 per gigajoule.