Livewire News

Doubts about the ability of Queensland's coal seams to produce enough gas to feed Gladstone's LNG export plants are growing. Claims have emerged that many wells are not producing as expected and that more gas could be needed. Global drilling service provider SES is forecasting growth in its eastern Australian business due to poor well performance. This means more drilling in Queensland and South Australia. Concerns are being raised over the level of output from the wells and the quality and productivity of the coal seams. If the wells do not produce as expected it will put further pressure on the east coast market, which is already expected to be short of gas and facing huge price rises as the LNG plants start. Read more here (VIEW LINK)


Please sign in to comment on this wire.