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Autralia: Oil & Gas Note
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Oil&Gas Note | June-2014
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Australia as a key player in the global natural gas trade for several decades
Resource base,Domestic use,Export Capacity, Shippingadvantage
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129.9 Tcf*
Proved reserves
1.5 Tcf
Production
86.8 years
R/P ratio
0.63 Tcf
Consumption
R/P ratio states for reserves-to-production and reflects the number of possible production years in terms of current proved reserves and production level
Source: BP Statistical Review of World Energy, June 2014
№ Basin
Risked/Best estimated gas
resource in-place (Tcf)
Technically recoverable
shale gas resource (Tcf)
1 Amadeus 162 Not Assessed
2 Beetaloo 1941 44
3 Bonaparte 62 Not Assessed
4 Bowen 972 Not Assessed
5 Browse 14 Conventional
6 Canning 1,2271 235
7 Carnarvon 92 Not Assessed
8 Clarence-Moreton 212
Not Assessed
9 Cooper 3251 93
10 Eromanga 822 Not Assessed
11 Georgina 681 13
12 Gippsland 12.6 9.1
13 Gunnedah 132 Not Assessed
14 Maryborough 641 19
15 McArthur 7.42 Not Assessed
16 Otway 92 Not Assessed
17 Pedirka 432 Not Assessed
18 Perth 1681 33
19 Surat 31 Not Assessed
Total 2,407 -
Sources: 1EIA/ARI World Shale Gas and Shale Oil Resource Assessment, June 2013; 2AWT Shale Gas Prospectivity Potential, January 2013
*Tcf – trillion cubic feet. 1cf = 0.028m3
Australia will be a key player in the global natural gas trade at least for several decades.
This statement is based not only on the great resource potential of the country but also on the
already existing numerous LNG projects, all of which will be completed and launched by 2020
(12 projects with the total estimated capacity of 106.1 MTPA. As a result – 360% increase in
LNG output by 2020)1.
Most conventional proved reserves in Australia are north and northwest of Western
Australia. The Carnarvon basin is the source for the two operating LNG plants in Western
Australia (North West Shelf project and Pluto), and it is the source for two other LNG projects
under construction (Gorgon and Wheatstone).
In addition to the Carnarvon, the Browse and Bonaparte basins lie in the same region.
Bonaparte straddles the WA and NT offshore regions, and Bayu-Undan field (Bonaparte basin)
in the Joint Petroleum Development Area supplies the Darwin LNG plant.
The Ichthys project, also to be developed in Darwin, will obtain its natural gas feed from
Ichthys field in the Browse basin, offshore WA, via an 850-km subsea pipeline. Nearly all of the
conventional reserves in WA are offshore, some in relatively deep water, raising development
costs accordingly.
The largest shale gas basin is Canning. The best estimate recoverable gas resource in
the basin is up to 1,227 trillion cubic feet (Tcf). However, technically recoverable are about 235
Tcf but even this figure makes Canning one of the biggest on the globe.
Source: Australia emerging as top LNG supplier, by the prof. Ronald D. Ripple; AWT International, Advanced Resources International, RFC Ambrian
estimates, September 2013
433,732
200,720
263,624 Conventional
Unconventional
Coal seam gas
Australian Technically Recoverable Gas Resource Potential (in petajoules)
Source: Australia emerging as top LNG supplier, by the prof. Ronald D. Ripple, May 2014
Sources: EIA/ARI World Shale Gas and Shale Oil Resource Assessment, June 2013; Australia emerging as top LNG supplier, by the prof. Ronald D. Ripple,
May 2014
Assessed or expected unconventional resource potential
1 Easy Skill Oil & Gas Note, March 2014
*
Major Australian Natural Gas Basins (including conventional, shale
and coal seam recourses)