Report – LNG(liquid natural gas) reserves over-estimated

EnergyQuest casts doubt on the actual size of the state’s gas reserves and whether three major plants in Gladstone will ever reach full production. The industry overreached by building three projects of six trains, Queensland will remain a significant LNG exporter, one of the world’s largest, but with more like four trains fully utilised,

Predictions that exports would reach 25 million tonnes per annum were too optimistic and companies would have to drill an additional 18,000 wells just to keep production at current levels.

more at Courier Mail

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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