AJQ armour energy limited

The price of gas

  1. 2,372 Posts.
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    Having read a NSW ELECTRICITY STRATEGY REPORT it's clearly evident that in Australia, the worlds biggest gas exporter, that there's going to be a a severe gas shortage on Australia's east coast. Attached is a paragraph from that report that gives me confidence that we're definitely on a winner here.
    Natural gas
    27. Most natural gas extracted in Australia is exported. Australia is the world’s largest exporter of
    liquefied natural gas72
    . Increased demand for natural gas and diminished availability of it has
    led to large increases in its price73
    . “Gas-fired power stations generate electricity on demand
    with about half the level of emissions from coal” (i.e. without carbon capture and storage) but
    have “high input costs” so they are typically operated during peak demand or when solar and
    wind are not generating”74
    . In fact, the cost of onshore natural gas in eastern Australia is double
    the cost of shale gas in the USA and double the cost of mining most Australian black coal75
    .
    .
 
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