Qld on cusp of new gas boom

Queensland on cusp of new gas boom

Renee Viellaris, The Courier-Mail
November 29, 2017 12:00am

QUEENSLAND is on the cusp of a new gas boom with exploration for shale gas to start in the Cooper Basin.
In what could be a new money earner for the state — and ease the cost of energy prices — millions of dollars will be spent to determine if the extraction should start.
It is understood Geoscience Australia estimates prospective shale and tight gas resources in the Cooper Basin could provide 29 years of east coast gas at current production rates.
The Turnbull Government will use cash from the $30 million geological and bioregional assessments program to evaluate the priority area.
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Geoscience Australia and the CSIRO will assess the geology, water quantity and quality of surface and groundwater to determine the potential impacts and environmental safety of shale and tight gas development.
Energy Minister Josh Frydenberg said gas needed to be accessed responsibly.
“As we work with states, territories and industry to get more gas to market, it is crucial that our decisions about resources are based on a sound scientific understanding of the region’s geology and environmental values.”
Resources Minister Matt Canavan said the project could create jobs and new industry.
“It is vital that we unlock our gas resources and bring more gas to market,’’ Senator Canavan said.
“By taking steps to unlock our gas reserves, we will help put downward pressure on gas prices.
“This investment will make use of the best science to map and access our gas supplies to keep Australian industry running.”

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