CTP AGM, page-13

A couple of developments today on the gas front that could impact CTP GSA prices.

1.0 ABC News 12/12/17 Gas supplies have increased but prices are still too high, argues consumer watchdog ACCC
Probably worth listening on Freeview & reading the whole article.
At no point was pipeline reform mentioned.
Extract….
http://www.abc.net.au/news/2017-12-13/gas-supply-boosted-but-still-expensive-accc-report/9252386
“"What we've seen is LNG producers have reduced exports to provide more gas to the domestic market, and that has overcome the shortfall, and that has seen prices for many companies fall from around $16 [per gigajoule] to around $8 to $12," he said.”
But Mr Sims said the deal struck between the Federal Government and gas producers two months ago had already been felt, even though prices were still above the levels the ACCC wanted to see.
And…
"We are encouraging the states to undertake geological surveys of the resources that they have, and to provide more incentives to the landowners and to the farmers to develop these gas fields," Josh Frydenberg told AM.
"The experience overseas, particularly in the United States, is if the landowners can get more of a reward for the development of gas on their land, then they will do it, and you will overcome some of the objections that we've seen to date."
Mr Frydenberg said it was the Government's intention to keep the gas supply deal with producers in place.


2.0 AGL released an Investor Day presentation which on Page 11 reaffirmed that the Crib point import facility was very much on the agenda.
https://hotcopper.com.au/threads/ann-agl-investor-day-presentation.3906407/?post_id=29587820
I seem to recall this is a 200TJ/day facility.
Extract…
Why it makes sense
Victorian gas market reliant on production from declining
Gippsland basin
East Coast gas market restricted to four main producers, not all
of which are actively selling to other wholesale participants
Domestic gas being priced at premium to international LNG
Gas being transported from Queensland to satisfy southern
market demands
Limited financial signals being sent to the domestic gas market

What the impact could be
Establishment of forward price for gas
Removal of premium to international markets
Wholesale competition in the gas market

Regards

OGP