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The Annual Gas Market Review is an initiative of the Queensland Government and will inform Government decision making in relation to the need for development of a Prospective Gas Production Land Reserve (PGPLR), more effective resource management, and the development of a more competitive Queensland gas market.
As part of the review, the DEEDI has been tasked with immediately initiating an analysis of reserves, production, transport constraints and demand requirements. The primary objective of the Annual Gas Market Review is to identify and analyse key issues affecting the effective management of gas resources and reserves to support the further growth of a competitive Queensland gas market.
The Annual Gas Market Review will form part of a coordinated Whole-of-Government approach to providing regular advice to Government on constraints on gas supply availability, gas market development and security of supply. The initial review for 2010 will need to be completed by 23 June 2010 and will involve modelling of gas market supply, demand and price variations for prescribed scenarios and additional sensitivity analysis on certain variables.
Offers are sought for the development of a robust gas market model, analysis of the economic and regulatory constraints and drivers affecting prices, and an analysis of the likely impact of these constraints and drivers on future gas prices and investment in the gas market.