Australia's World Scale Gas Resources, Its Markets and Why New Approaches Are Required
- Brian Towler (University of Queensland) | Mahshid Firouzi (University of Queensland) | Rick Wilkinson (EnergyQuest)
- Document ID
- Society of Petroleum Engineers
- SPE Asia Pacific Oil and Gas Conference and Exhibition, 23-25 October, Brisbane, Australia
- Publication Date
- Document Type
- Conference Paper
- 2018. Society of Petroleum Engineers
- Australia's gas supply
- 2 in the last 30 days
- 163 since 2007
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Australia is uniquely positioned globally as a major energy provider, but this comes with multiple challenges that must be overcome to realize its full potential. LNG developments that are nearing fruition are set to make Australia the largest supplier of LNG in the world. The Asian LNG market continues to be the growth market. The development of the world's first coal bed methane (coal seam gas) to LNG projects on the east coast has created a robust east coast LNG export market, which in the near future is expected to coincide with domestic energy shortages arising from low exploration activity, maturing fields, higher costs, the interaction of government policy, commercial decisions and activism. As a result, unique approaches to project management and community relations have been developed that are complementary to the Australian consumer's needs for reliable, affordable and cleaner energy. The east coast demand for gas is likely to trigger new development of onshore Northern Territory gas in the short term, if political opposition can be managed. In Western Australia, new approaches leverage technologies such as floating LNG, and more utilization of existing infrastructure and plant capacity to achieve lower costs. This paper outlines Australia's natural gas supply & demand and the challenges to be faced in the coming years.
|File Size||1 MB||Number of Pages||21|
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