Even if electric cars become 10x cheaper to run than petrol...

Even if electric cars become 10x cheaper to run than petrol cars, a $10 million study on the feasibility of increasing gas supplies in the Bowen Basin, conducted by KPMG on behalf of the QLD & Federal Government, has predicted Australia will have gas shortages from 2025 onwards if no new gas fields are created.

The study also found that:
'Whilst other prospective basins exist and could also be developed to provide gas into the EGCM based on analysis undertaken as part of this Study, the Bowen Basin is potentially in a prime position to supply the additional gas requirements due to the level of existing infrastructure, existing production and extensive exploration and appraisal activity within the Basin." (Page 3)

The study also notes that by productively using incidental coal mine gas, it helps (Page 1):

- Drive Queensland's community and economic recovery
- Future proof Queensland's energy supplies
- Transition to a low carbon, clean growth economy
- Makes meaningful progress towards the Government's target of 30% reduction in 2005 emissions by 2030.

Since QPM's Moranbah Gas Project is in the Bowen Basin, QPM can utilize the findings of this study, and probably expect the Queensland Government's support in making this economically viable due to the significant economic and environment impact the success of QPM and QPMe would have.