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Considerable shale gas potential in Queensland

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The APPEA has said that there is still huge potential to explore and develop Queensland鈥檚 shale gas resources, to create jobs and stimulate economic investment.

Currently, natural gas from coal seams feeds almost 100% of Queensland鈥檚 gas supply needs and has been responsible for generating approximately 30 000 jobs, mostly in rural and regional communities.

Shale gas development

Recent comments made by the Queensland Opposition about the future of shale gas development ignore the Queensland gas industry鈥檚 proven record of safe operations over many decades.

APPEA Chief Operating Officer, Paul Fennelly, commented: 鈥淚t is very important that political parties do not adopt policies from The Greens to stop resource development and the benefits it can bring to Queensland鈥檚 economy.

鈥淎cross the border in South Australia about 685 wells have been safely fractured stimulated in the Cooper Basin over the last 40 years.

Gas drilling

鈥淪hale gas also uses multi-pad horizontal drilling, which ensures that the surface footprint of activities is minimised so that there is little impact on agricultural operations or the environment.鈥

In 2013, the Australian Council of Learned Academies highlighted the 鈥榞reat potential鈥 of shale gas as an important new energy option for Australia, while also identifying challenges that could be addressed through careful management.

Conclusion

Fennelly concluded: 鈥淚ndustry supports the findings that robust regulation and best practice operations are central to managing and mitigating the identified risks.鈥

Adapted from press release by

Read the article online at: /business-news/13032014/queensland_shale_gas_potential_68/

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