APPEA: Australian Coal-Seam Gas Output Rose 39% Last Year
Posted by Big Gav in australia, coal seam gas, gas
Bloomberg has a report on the rapid growth of Australian coal seam gas production and reserves over the past year - Australian Coal-Seam Gas Output Rose 39% Last Year, Group Says.
Australian production of coal-seam gas surged 39 percent last year to a record and now represents more than 13 percent of gas supply in the country, the nation’s oil and gas industry group said.
Output of gas extracted from coal seams rose to 142.9 billion cubic feet in the year ended Dec. 31, up from 102.7 billion in 2007, the Canberra-based Australian Petroleum Production & Exploration Association said today. ... Australia’s reserves of coal-seam gas have more than doubled in the past 12 months to 17,451 petajoules, or 16.5 trillion cubic feet, Adelaide-based consultant EnergyQuest said last week in a separate report. ...
Production of conventional gas for sale into the Australian market rose 3.4 percent last year to 917 billion cubic feet, while liquefied natural gas output advanced 3.7 percent to 15.7 million metric tons after the Woodside Petroleum Ltd.-operated North West Shelf venture expanded capacity. LNG output has more than doubled in the past decade, the group said.
Mining News has more - Intrepid CSG explorers.
Coal seam gas now represents 13% of Australia’s domestic gas supply, as sales in 2008 reached 917.5 million cubic feet.
WestSide and QGC will also launch a new exploration program to assess the Bald Hill and Mount St. Martin areas to the north of the Tilbrook pilot area. The new explorations are an opportunity for WestSide to add to its already considerable target gas reserves in the northern Bowen Basin, WestSide chairman Angus Karoll said. “With almost 3 trillion cubic feet of gas-in-place in this part of the tenement, the 2009 program has the potential to confirm the value of this area,” he said.
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