Related Articles
Forward article link
Share PDF with colleagues

CBM urgent priority for Australia, says government

Australia’s incoming Liberal-National coalition government has made clear that development of the gas industry, particularly the removal of barriers in the coal-bed methane (CBM) sector, will be an urgent priority

Incoming federal industry minister, Ian Macfarlane, is taking a no-nonsense approach in order to drive the unconventional sector forward. The minister says he will be pushing particularly hard to progress the CBM business in gas-short New South Wales (NSW), where increasing uncertainty surrounding regulations has ground the industry to a halt over the past 18 months. Locally produced CBM could help counter rising east coast gas prices, predicted to hit A$9 ($8.4) a gigajoule (GJ) by 2017. This compares to A$3-4/GJ just two years ago. Opposition to CBM operations, as well as regular policy changes, has so far curtailed development in NSW. Community groups cite concerns over land access and

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy