Posted on 09/19/2024 9:01:02 PM PDT by SeekAndFind
The head of a company developing gas in the Northern Territory’s Beetaloo Basin says the “huge” resource has the potential to transform the Australian energy market, lowering gas prices and reducing emissions.
Empire Energy managing director Alex Underwood told Sky News his company expected to produce the first gas from the Beetaloo by mid-2025.
“Just in the next five or six weeks we’ll be drilling our first full-scale pilot development well and then all things going well, we’ll be installing the gas processing plant just after the wet season and commencing production from the Beetaloo from the middle of next year,” he said.
The Beetaloo Basin is an onshore gas field about 500 kilometres south of Darwin that covers an area of about 28,000 square kilometres – almost the size of Belgium.
“This is a huge resource, I think the Beetaloo contains around enough gas to supply Australia for the next 400 years,” Mr Underwood said.
The first gas from the Beetaloo will be sold to the Northern Territory government to feed its domestic energy supply.
The NT electricity system has been plunged into crisis after gas from the Blacktip offshore field of the NT coast dried up.
Solar farms built to supply the grid have been unable to provide power due to issues with the intermittent nature of the energy being produced.
Mr Underwood said Empire’s longer-term plans including piping gas to the east coast to help meet shortages, and to export gas from Darwin.
He said the Beetaloo Basin had the potential to replicate the energy revolution that had occurred in the US following the hydraulic fracturing of gas from the Marcellus Shale in the country’s northeast.
“They’ve got the cheapest gas in the world, but also they’ve started displacing coal production with gas, not due to government mandate but due to lower prices,” Mr Underwood said.
“Their emissions are dropping as a result of it. The Beetaloo not only has the scale but also the geological characteristics to replicate that incredible boom in the US.”
There is, however, strong opposition to fracking from environmentalists.
Environment Minister Tanya Plibersek this week ordered a review by a panel of independent scientists into the impact of fracking in the Beetaloo Basin on water resources.
The review had been pushed by local Labor MP Marion Scrymgour.
“One of the things that I’ve had during all my conversations with not just native title holders but people who are going to be affected in the regions by this operation is that people haven’t understood the information, but particularly water, everyone is united about ‘we are concerned about water’,” Ms Scrymgour told Sky News this week.
“I think it (the review) will be done before the end of the year so we’re not going to drag this on, we want to give certainty to the industry as well, so we need to just work together so we can get the science right in relations to this project.”
Mr Underwood said he was confident the review would not impact Empire’s operations.
“In our pilot phase we clearly do not have a significant impact on the aquifer,” he said.
“The Pepper Inquiry and the former NT Government put a lot of effort into ensuring that water usage is sustainable and so we expect that review will find what we already know which is that we’re not going to have a significant impact.”
The Chinese will make good use of it when they take over.
Yep. CCP are not constrained by anti fracking Cretins.
QUICK! Someone find a spotted owl, or a snail darter!
The health of the Earth depends on it!
Anybody ever optimistic here anymore, maybe even for a minute? :)
400 years.
By the time they’re done, I’ll be slowing down.
Natural gas finds like this are an economic game changer
Natural gas can easily be converted to Naptha replacement
Naptha is building block chemical that is used in industry to make fertilizers, pharmaceuticals, plastics and lubricants
Cheap natural gas was bringing industry back to America because of the low cost of energy and raw materials arising from low cost natural gas
Biden killed this overnight
Look for Harris to declare the region a national
Park(yes I know it is in Australia)
No doubt the local equivalents are being made ready.
Isn’t that where the UN maggots setp in?
Wealthy oil and gas companies, and their workers, quietly fight leftists. Inexpensive energy doesn't just power the economy, it powers freedom, prosperity, and fight against evil. That is the real reason leftists hate oil and gas. Solar and wind are 100% dependent on leftist government and communist manufacturing, which is the real reason leftists love these environmental disasters.
It won’t be long before Aussie liberals will put the area off-limits.
BTW, have you (dp0622) been away for some time?
Yes and Yes to your statement and question :)
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