For attribution to Squadron Energy CEO Rob Wheals
The escalation of conflict in Iran has tightened global fuel supply, underscoring the importance of reliable, dispatchable gas capacity at home.
The Australian Energy Market Operator’s 2026 Gas Statement of Opportunities (GSOO) reinforces this reality.
As coal reliability declines, volatility across the National Electricity Market is increasing. Our system is being pushed harder and operating in ways it was not originally designed for.
That shift is already driving more dynamic gas flows to meet peak demand, particularly when batteries have been exhausted.
Squadron Energy’s Port Kembla Energy Terminal (PKET) is ready to provide that flexibility.
Onshore commissioning of PKET is complete, with a proven floating storage and regasification unit secured to deliver additional supply when the system needs it most.
PKET is a flexible, demand‑driven solution that provides storage and acts as a virtual pipeline. It enables gas to be sourced from domestic or international markets to support reliability – whether that is managing peaks in Victoria or helping producers meet potential future Domestic Gas Reservation obligations.
The GSOO is clear: while overall gas demand may fall over time, the need for flexible, dispatchable capacity to manage volatility and keep the lights on will only increase through the transition.