The looming NSW gas supply crisis was top of the agenda for the leaders of some of NSW’s largest employers at an AGL-hosted breakfast recently. ACIL Allen Executive Director Paul Balfe laid out the dismal future for NSW gas customers in the absence of new sources of gas supply.
ACIL Allen’s Paul Balfe explained how dependent NSW is on other states for gas imports: “Can NSW continue to rely almost exclusively on interstate gas imports? The answer is no.”
The result, he predicts, is an increase in coal-fired power (instead of gas) ironically, “at the same time as we are trying to reduce emission intensity.”
“NSW will be going in precisely the opposite direction it wants to be. Could NSW coal seam gas be part of solution? The Queensland experience, says, yes of course it could,” explained Balfe.