A study done by Geoscience Australia estimates Australia’s natural gas resource at about 390 trillion cubic feet. The country’s offshore resources is being aggressively developed by projects that are expected to produce LNG that will be exported to Asia.
More at FoxBusiness.com.
“Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of 4.7 billion barrels of undiscovered oil and 227 trillion cubic feet of undiscovered natural gas in major offshore petroleum basins of Australia.” Quoted from the USGS press release.
More at USGS.
“Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of 4.7 billion barrels of undiscovered oil and 227 trillion cubic feet of undiscovered natural gas in major offshore petroleum basins of Australia.” Quoted from the USGS press release.
More at USGS.
The Energy Information Administration has published a new country analysis brief for Australia. The country is the largest exporter of coal and the fourth largest exporter of liquefied natural gas.
More at Energy Information Administration.
Chevron is developing the Wheatstone offshore natural gas field located off the coast of Western Australia. The first gas is expected to be produced in 2016 and prepared for international shipment as LNG.
More at ABC Rural.
Australian companies seem to be aggressively working on shale gas projects in the United States and ignoring the potential of their own country. One reason is where some of the best shale resources are located – hundreds of miles from labor sources and necessary infrastructure.
More at ninemsn.com.au.
Royal Dutch Shell is planning to build the world’s largest floating liquefied natural gas (LNG) plant above a natural gas field off the coast of Western Australia. The project is in response to an anticipated doubling of the Asian demand for LNG.
