When Coldry is up and running the Latrobe Valley could become either a new gas field OR a new oil field
Nothing will happen until they can dewater the lignite...
Gas requirements Latrobe valley
These Latrobe valley brown coal power plants are base load plants. Let us assume they run 80% of the time so each 1,000 MW would produce 1,000 MW * 0.8 * 365 * 24 h = 7,000 GWh
Using 1 KWh = 3.6 MJ this would be 25.2 PJ pa
Taking an efficiency factor of 50% (some coal plants are running at 35% now) that would be a primary energy requirement of 50 PJ pa of gas for each 1,000 MW.
The total requirement would therefore be 8.8 * 50 = 440 PJ pa in 2037. The total gas requirement until 2050 would be roughly:
Subtotal (3) CSG requirements Latrobe valley 10,000 PJ until 2050
http://crudeoilpeak.info/australias-natural-gas-squandered-in-lng-exports
The coal resources in the Latrobe Valley near Melbourne are much less well known than the world's largest gas field, Qatar's North Field, or the biggest oil field, Saudi Arabia's Ghawar, but they contain a similar amount of energy and will last for 500 years at current extraction rates.
Elsewhere globally there is at least a century's worth, with more to be found when demand warrants. And coal is cheap: less than half the price of gas in Europe or east Asia, and barely a sixth of the price of oil.
- Forums
- ASX - By Stock
- carbon tax passed esi the next market darling.
When Coldry is up and running the Latrobe Valley could become...
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $0 | 3 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 28865050 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11777181 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
55 | 28865050 | 0.002 |
30 | 41461532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11777181 | 23 |
0.004 | 5736852 | 8 |
0.005 | 3716859 | 24 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 10.02am 12/09/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |