Rising gas consumption in the pipeline

Australia's natural gas industry is supported by a pipeline network of 17,000 km, with at least another 5,000 km of lines planned or proposed. An estimated $3.5bn could be spent on new gas lines in the next decade. This surge in spending will support growth in gas consumption of 3.5% a year, an...

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Bibliographic Details
Published in:Petroleum Economist 2002-04, Vol.69 (4), p.22-23
Main Author: MCLLWRAITH, John
Format: Magazinearticle
Language:English
Subjects:
Alliances
Applied sciences
Coal
Competition
Consortia
Consumption
Economic data
Endorsements
Energy
Energy economics
Energy industry
Energy policy
Energy use
Exact sciences and technology
Fossil fuels and derived products
Gas
Gas industry
General, economic and professional studies
Natural gas
Natural gas industry
Natural gas reserves
Oil and gas industry
Pipelines
Regulation
State government
Statistics
Tariffs
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Summary:Australia's natural gas industry is supported by a pipeline network of 17,000 km, with at least another 5,000 km of lines planned or proposed. An estimated $3.5bn could be spent on new gas lines in the next decade. This surge in spending will support growth in gas consumption of 3.5% a year, and take its role as a minor player in the domestic energy industry to one that challenges coal. Gas lines are the key to increasing competition in the southeast of the continent, where two-thirds of the population live. Major pipeline firms, and indeed gas wholesalers and retailers, are hostile to what they regard as excessively restrictive regulation, and are negotiating with the federal government for reform of the system. But if these obstacles can be surmounted, there are some exciting projects planned.
ISSN:0306-395X