Australia now has 200 years of frackable gas to add to the 300 years of coal
And yet we are still buying Chinese solar panels. The big question is how much of our our gas and coal can we use before nuclear energy makes them irrelevant? h/t GWPF
In April the Northern Territory lifted its ban on fracking. The Beetaloo basin may have a whopper 50 to 100 trillion cubic feet of gas, and it appears to be a “stacked play” in layers (like Texas). To put that in perspective, the largest gas project in Australia in the Bass Strait has produced 8 trillion cubic feet so far with another 7 trillion to go. Shale turned the USA from an energy dependent state to the worlds largest fossil fuel producer.
[Australian Associated Press]
The Northern Territory holds enough natural gas to supply Australia for 200 years-plus and is comparable to the shale resources that have revolutionised the US energy sector, Resources and Northern Australia Minister Matt Canavan says.
Senator Canavan described Beetaloo, located southeast of Katherine, as “a world class shale resource rich in liquids that is comparable to US shale resources which have been so critical in turning around the US energy market and manufacturing sector”.
“The refinement of hydraulic fracturing (fracking) has turned the US from the world’s largest net energy importer just over a decade ago to becoming a net energy exporter in recent years,” he said.