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Archive for the ‘Owen Review’ Category

2007 upstream gas price in Victoria, Queensland, NSW, South Australia falls between A$2.00 per GJ and A$3.50 per GJ

Posted by gasweek on 12 October, 2007

The price for gas sold under contract in Eastern Australia was usually a confidential agreement between the gas suppliers and the gas buyer, according to a report, Availabiliy and Cost of Gas for NSW Baseload Generation, (31/7/2007) prepared for the Owen Inquiry by Wood Mackenzie.

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Posted in Gas, NSW, Owen Review, Volume 2604 | Leave a Comment »

Queensland coal seam gas exports to NSW from Wallumbilla to supply gas into Newcastle to 2016: then NSW imports, from Western Australia, by pipe or LNG

Posted by gasweek on 12 October, 2007

Under the generation scenarios provided by the Owen Inquiry Secretariat, the potential to import Queensland and Victoria gas to NSW for the period to 2016, was substantial, although this would require expansion of existing gas transmission, as well as new pipeline investment.

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Qld imported gas not competitive with coal for baseload generation in NSW without NSW Greenhouse Abatement Certificates (NGAC)s

Posted by gasweek on 12 October, 2007

If a Carbon Trading Scheme were to be introduced, gas could be competitive for baseload generation in NSW at a cost of carbon in the range $15 to $30/t CO2 equivalent, according to a report, Availability and Cost of Gas for NSW Baseload Generation prepared for the Owen Inquiry.

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Posted in NSW, Owen Review, Volume 2604 | Leave a Comment »

Fed Govt uncertainty over climate-change policy blocking investment in new power gen; combined-cycle gas turbines cheaper than coal for NSW, Owen inquiry finds

Posted by gasweek on 12 October, 2007

The Owen Inquiry was a blunt rebuke for the Federal Government’s 10-year delay in agreeing to a national emissions trading scheme, wrote Marian Wilkinson in The Sydney Morning Herald (12/9/2007, p.4).

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Key QLD, NSW, SA, Vic electricity contracts support base load gas generation in Eastern Australia; new CCGT contracts logic explained

Posted by gasweek on 10 October, 2007

A report prepared for the Owen Inquiry showed that some of the key contracts supporting base load gas generation projects in Eastern Australia in recent years included:

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Posted in Gas, Generation, Owen Review, Volume 2603 | Leave a Comment »

Why Brisbane gas prices are low: Wood Mackenzie explains

Posted by gasweek on 9 October, 2007

A report prepared for the Owen Inquiry by Wood Mackenzie Wood explained why gas prices in NSW and South Australia were higher than the gas prices in Melbourne and Brisbane. Mackenzie’s gas price outlook was based on an assumption that rational economic investment decisions would be made based on cost and price.

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Posted in Gas, NSW, Owen Review, Petrol, Price, Queensland, SA, Victoria, Volume 2603 | Leave a Comment »

LNG plans: Santos requires 4,000-5,500PJ; Arrow at least 1,000PJ, three times current level of CSG production; risk development of LNG export project can reduce availability of gas to domestic gas market in Eastern Australia

Posted by gasweek on 2 October, 2007

Santos and Arrow Energy had recently announced proposals for Liquefied Natural Gas (LNG) projects in Gladstone, noted the Owen Inquiry into Electricity Supply in NSW, Availabiltiy and Cost of Gas for NSW Baseload Generation (31/7/2007).

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Posted in LNG, Owen Review, Volume 2602 | Leave a Comment »

SE Australia: 260pc gas replacement, 2002 to 2007

Posted by gasweek on 18 September, 2007

Heaps of gas for NSW generation: Wood Mackenzie – commissioned by the NSW Owen Review; Availability and Cost of Gas for NSW Baseload Generation 31st July 2007, provided a gas supply forecast based on a project by project analysis of 2P (Proven plus Probable) gas reserves and supply capacity, and evaluated a portion of the 3P (Possible) gas reserves of specific CSG projects “capable of development and production within the period to 2030”.

SA Australia Gas Map

Analysis of a total SE grid supply: For this report, Wood Mackenzie has provided this analysis on a total supply basis for Eastern Australia, with future production divided into three categories, each with a different degree of certainty that the gas will be delivered to market. The three categories are: existing Contracted production, the Uncontracted remaining reserves, and the likely Additional Potential gas.

23 years supply at current consumption: Eastern Australia 2P Gas Reserves at 1 February 2007 showed a replacement ratio of 260 per cent over this five year period. The total 2P gas resource of Eastern Australia as of 1 February 2007 was 13,980 PJ. This equates to approximately 23 years of production at current levels.

Gippsland Basin still a player: The Gippsland Basin, with 6,859 PJ of reserves was the most significant region in Eastern Australia in terms of gas reserves (and production) despite over 30 years of gas production.

Cooper in decline: By contrast, the Cooper Basin had 1,213 PJ of 2P gas reserves and production was now in decline following 30 years of production. CSG 2P reserves were approximately 4,000 PJ.

The biggest source – Queensland: The main area of CSG reserves was located in SE Queensland. A comparison between the gas reserves (2P) in Eastern Australia over the last five year period (2002 to 2007) shows that despite approximately 2,800 PJ of sales gas being produced in this period, 2P gas reserves have actually increased by a net 4,710 PJ. This demonstrates a healthy reserves replacement ratio of 260 per cent over this five year period.

Posted in 2P, Coal Seam Methane, CSG, CSM, natural gas, NSW, Owen Review, Volume 2520 | Leave a Comment »

NSW Gas Demand 2000-2030 – base case

Posted by gasweek on 18 September, 2007

NSW gas demand base case forecast: For the Owen Review, Wood Mackenzie built a gas supply forecast based on a project by project analysis of 2P (Proven plus Probable) gas reserves and supply capacity. In addition, it evaluated a portion of the 3P (Possible) gas reserves of specific CSG projects that it believed was capable of development and production within the period to 2030. For this report, Wood Mackenzie provided this analysis on a total supply basis for Eastern Australia, with future production divided into three categories, each with a different degree of certainty that the gas will be delivered to market.

The three categories were:

• existing Contracted production;

• uncontracted remaining reserves, and the

• likely Additional Potential gas.

Posted in 2P, Coal Seam Methane, CSG, CSM, NSW, Owen Review | Leave a Comment »