Natural gas: critical for energy security and economic growth

Recent articles


Tweets

6 January 20, 2:22pm The #oilandgas industry welcomes #Australia becoming the world’s largest #LNG exporter. This important milestone ha… https://t.co/Fa49WHyusw
array(24) { ["created_at"]=> string(30) "Mon Jan 06 04:22:57 +0000 2020" ["id"]=> int(1214039626811228160) ["id_str"]=> string(19) "1214039626811228160" ["text"]=> string(408) "The #oilandgas industry welcomes #Australia becoming the world’s largest #LNG exporter. This important milestone ha… https://t.co/Fa49WHyusw" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(3) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(4) [1]=> int(14) } } [1]=> array(2) { ["text"]=> string(9) "Australia" ["indices"]=> array(2) { [0]=> int(33) [1]=> int(43) } } [2]=> array(2) { ["text"]=> string(3) "LNG" ["indices"]=> array(2) { [0]=> int(73) [1]=> int(77) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/Fa49WHyusw" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1214039626811228160" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(15) ["favorite_count"]=> int(24) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
18 December 19, 4:34pm Exploration in the #GreatAustralianBight will provide great economic benefits for South Australia and Australia mor… https://t.co/LWs3srvul9
array(24) { ["created_at"]=> string(30) "Wed Dec 18 06:34:08 +0000 2019" ["id"]=> int(1207187269611769856) ["id_str"]=> string(19) "1207187269611769856" ["text"]=> string(279) "Exploration in the #GreatAustralianBight will provide great economic benefits for South Australia and Australia mor… https://t.co/LWs3srvul9" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(20) "GreatAustralianBight" ["indices"]=> array(2) { [0]=> int(19) [1]=> int(40) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/LWs3srvul9" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1207187269611769856" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(4) ["favorite_count"]=> int(8) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
16 December 19, 12:53pm Australia’s #oilandgas industry continues to support nation's economic growth. The capacity expansion in the #LNG… https://t.co/fevA4H6FJV
array(24) { ["created_at"]=> string(30) "Mon Dec 16 02:53:39 +0000 2019" ["id"]=> int(1206407008242417664) ["id_str"]=> string(19) "1206407008242417664" ["text"]=> string(345) "Australia’s #oilandgas industry continues to support nation's economic growth. The capacity expansion in the #LNG… https://t.co/fevA4H6FJV" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(2) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } [1]=> array(2) { ["text"]=> string(3) "LNG" ["indices"]=> array(2) { [0]=> int(111) [1]=> int(115) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/fevA4H6FJV" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1206407008242417664" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
13 December 19, 11:21am Australia's #oilandgas sector's payments to governments continue to be significant with an increase from $4.6 billi… https://t.co/z32CoE4Avo
array(24) { ["created_at"]=> string(30) "Fri Dec 13 01:21:03 +0000 2019" ["id"]=> int(1205296541470265345) ["id_str"]=> string(19) "1205296541470265345" ["text"]=> string(268) "Australia's #oilandgas sector's payments to governments continue to be significant with an increase from $4.6 billi… https://t.co/z32CoE4Avo" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(9) "oilandgas" ["indices"]=> array(2) { [0]=> int(12) [1]=> int(22) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/z32CoE4Avo" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1205296541470265345" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

Natural Gas

Although NSW has abundant natural gas resources, most remain undeveloped. The state relies on other states for more than 95 per cent of its gas, which imposes significant pipeline transmission costs.

Demand for natural gas is forecast to grow over the next two decades, but most existing long-term contracts for gas supply in NSW are due to expire between 2015 and 2017. At the same time, eastern Australian gas prices are expected to rise as large Queensland LNG projects begin producing and exporting gas.

Gas explorers in NSW have indicated that they aim to produce gas for the NSW domestic market. Bringing local natural gas into production would enhance the state’s energy security, create jobs, put downward pressure on energy costs, and provide a significant boost to economic and regional development in NSW.

Most natural gas in NSW is held in coal formations. As an end-product, CSG is no different from natural gas found in other kinds of rocks.
For more than a decade, the Queensland gas industry has been safely producing gas from coal seams. This industry co-exists with agriculture and other industries. CSG developments have directly created more than 27,000 jobs in Queensland and have also had a powerful multiplier effect in several towns and districts, significantly boosting regional prosperity.

NSW has extensive gas-rich coal resources that are similar to those in Queensland. By developing its CSG resources, NSW can enjoy similar benefits to Queensland.