Coalbed methane growing rapidly as Australia gas supply diversifies

With the recent entry of both coalbed methane from the Bowen, Surat, and Sydney basins and conventional natural gas from new offshore fields in the Gippsland, Bass, and Otway basins, the eastern Australian gas market has undergone significant change.These new projects are competing with traditional gas supplies from the Cooper and offshore Gippsland basins and will face increased competition from the proposed Papua New Guinea-Queensland gas pipeline. Click here to enlarge imageConventional natural gas reserves in fields close to eastern Australian markets are declining while gas demand continues to grow substantially. CBM resources are located close to large potential markets in eastern ...

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