The 2019 Gas Statement of Opportunities (GSOO) and Victorian Gas Planning Reports (VGPR) prepared by AEMO flagged a gas supply shortfall from 2024 onwards due to:
•Falling production levels from existing southern gas fields
•Uncertainties around southern prospective resources (un-explored but estimated to exist) accessible by existing pipeline and processing infrastructure
•Moderately increasing gas demand, driven mainly by population growth driving new gas connections.