Natural gas: critical for energy security and economic growth

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16 November 18, 4:02pm Victoria faces higher #natgas prices and risks jobs in push for ban on hydraulic fracturing. @DanielAndrewsMP popu… https://t.co/MUYJig0aZp
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by APPEALtd
16 November 18, 11:22am Today’s visit by Japan’s PM Shinzō Abe is the culmination of more than a decade’s preparation and dedication in dev… https://t.co/ovzdBeXGIa
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by APPEALtd
16 November 18, 9:00am Read op-ed by APPEA's Malcolm Roberts in today's @australian highlighting the importance of #LNG projects in delive… https://t.co/26pOuQwO8d
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by APPEALtd
15 November 18, 8:27am APPEA’s @MattDoman tells @ABCnews that @Greens and @GreenpeaceAP push impossible #oil spill scenarios to distort pu… https://t.co/0Ne1Eg2H8J
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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.