[Peakoil] Australia's oil reserves 'dwindling'

[Michael Skeggs mike@bystander.net]

EIA list of gas reserves using a couple of different surveys:
http://www.eia.doe.gov/emeu/international/reserves.html
Australia is small in terms of total reserves compared to some of the OPEC
nations, but large in terms of available export production, as few of the
mega-reserve areas export LNG (Qatar and UAE are the biggest iirc) and we
are well suited to Asian markets, and potentially west coast US. Throw in a
western friendly government and why would you buy your energy anywhere else?
Note there is a Russian LNG mega-project with arctic gas that has been moth
balled by declining gas prices, so there appears a glut of LNG available for
export at least in the short term.
Regards,
Michael Skeggs


On 5 March 2010 07:38, Keith Thomas <keith at evfit.com> wrote:

> Antony's article below mentions our gas reserves.
>
> We hear a lot about the Gorgon gas project and other nearby fields and we
> are told it is huge. But when I mention it to people overseas, they have
> never heard of it.
>
> Does anyone know how Australia's gas reserves rank on a global scale:
> proportion of known accessible global reserves and projections of where
> Australia will stand as a producer in, say, 20 years' time?
> -----------------------------
> Keith Thomas
> www.evfit.com
> -----------------------------
>
> On 04/03/2010, at 10:28 PM, Antony Barry wrote:
>
> From SMH -
>
>                          Australia's oil reserves 'dwindling'
>  March 2, 2010
>
> * AAP *
>
> Australia's oil reserves are dwindling and the nation is becoming
> increasingly reliant on imports for transport fuels, a new report shows.
>
> The Australian Energy Resource Assessment (AERA) report has been released
> by Resources Minister Martin Ferguson.
>
> The peak industry body for oil and gas producers says the report into
> Australia's energy resources has debunked the myth the nation won't have
> enough energy resources into the future.
>
> But the Australian Petroleum Production & Exploration Association (APPEA)
> says the report also shows the nation will need to import more oil to run
> its transport network.
>
> That reliance is likely to increase unless there are new significant
> discoveries of crude oil or alternatives are made using the development of
> condensate resources using the offshore gas reserves.
>
> APPEA chief executive Belinda Robinson said in general the report painted a
> bright picture for the future of the energy industry, citing over $200
> million in projects on the drawing board.
>
> Australia's third-largest energy resource is gas - a significant portion of
> which is located off the north-west coast of Western Australia.
>
> "The AERA report comprehensively puts to rest any concerns about whether
> Australia has enough energy, including gas, to satisfy a growing domestic
> energy market at the same time as taking full advantage of the export
> opportunities for liquefied natural gas," Ms Robinson said in a statement.
>
> "Getting these (gas) projects off the drawing boards and into construction
> can create up to 55,000 new jobs in Australia over the next 10-15 years,"
> she said.
> <
> http://news.smh.com.au/breaking-news-business/australias-oil-reserves-dwindling-20100302-pftv.html
> >
>
>
> Phone:02 6241 7659, Mobile:04 3365 2400, Skype:antonybbarry
> Email:tony at Tony-Barry.emu.id.au <Email%3Atony at Tony-Barry.emu.id.au>,
> antonybbarry at gmail.com
> http://www.facebook.com/people/Antony-Barry/1386242004
> http://tony-barry.emu.id.au
>
>
>
>
>
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