Royal Dutch Shell has established a new energy trading business in Australia and has already started work on mitigating the growing political risk of supply-side failure in the liquid natural gas drained east coast gas market.
Shell Energy Australia recently signed its first gas supply contract with a Victorian customer and the plan is to trade actively in Australia’s domestic gas and electricity markets.
The immediate plan is that traders based in Melbourne and Brisbane will bypass existing market structures to deliver gas and electricity to, initially at least, commercial customers up and down the east coast.