Geoscience Australia has released its Australian Gas Resource Assessment 2012, detailing key findings of in the industry and what it anticipates for the industry.

 

The report finds that the gas sector is being transformed by changes in markets and technology that are bringing new gas resources into play.

 

The report tracks significant changes in the last two years within the gas resources sector and the gas market, finding that coal seam gas (CSG) reserves have doubled since 2010, and three major liquid natural gas (LNG)/CSG projects are now under construction.

 

The report found that Australia gas has become Australia’s third largest energy resource after coal and uranium, and that the country most likely contains substantial shale gas and tight gas resources that are yet to be quantified by exploration.

 

Finally, the report concluded that the gas is expected to significantly expand its share of the country’s energy production and exports over the coming decades as well as continuing to expand its contribution to domestic electricity generation.

 

The full report can be found here (PDF)