Coal seam gas: And Industry whose time has come ?  

Posted by Big Gav in , , ,

The FT has an article on Australia's fledgling coal seam gas export industry - Coal-bed methane: Industry whose time has come?.

The Australian has an article on efforts by the Queensland government to reserve 20% of gas production for domestic use (with plenty of their usual political spin in evidence) - Liquefied natural gas a tinder box for Labor.

A ROW has broken out between the federal and Queensland governments over restrictions on liquefied natural gas projects that threaten $40 billion in foreign investment and form a key plank of the Rudd government's emissions trading scheme.

The Queensland government, like the governments of Western and South Australia, is demanding a set percentage of natural gas production be kept aside for households and state industry, despite the federal government's preference for an export-friendly "scratch price" for natural gas.

The Queensland government is looking at a maximum of 20per cent of Queensland's new LNG production, estimated to be worth $40bn, be reserved for domestic use instead of allowing foreign investors free rein on how Queensland's LNG is sold.

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