The Australian Energy Regulator (AER) has today published its second wholesale gas reserves price assumptions report.
This follows implementation of gas market transparency reforms and the commencement of the National Gas Amendment (Market Transparency) Rule 2022, which introduced reporting requirements for gas field owners.
Under the National Gas Rules, gas field owners are now required to report to the AER on the gas reserve price assumptions used to prepare gas reserve estimates.
The AER is required to publish, at least annually, on the price assumptions used by gas field owners.
This report presents analysis of the contracted and uncontracted gas reserve price assumptions reported to the AER for the 2024 calendar year.
We have included commentary on the AER’s compliance expectations and observations since reporting commenced in March 2023.
We encourage stakeholder consideration of the report and welcome feedback at AERGasMarketsBB
AER [dot] gov [dot] au (AERGasMarketsBB[at]AER[dot]gov[dot]au).