By ERWIN CHLANDA
The head of an oil company with interests in the Territory’s Beetaloo basin has welcomed that “gas supply will be prioritised by the Federal Government to underpin the Post COVID national economic recovery and secure the future of manufacturing jobs in Australia through the provision of reliable and plentiful long term gas supplies”.
Blue Energy’s Managing Director John Phillips says the initiative “will provide reliable, dispatchable, synchronous, firming electricity generation and has the potential to provide a significant portion of the remaining 50% of electricity generation [in Queensland] and provide a just transition for the workers currently employed in the coal-fired generation sector.
“Blue looks forward to working further with State, Federal and Territory governments to assist in bringing the significant gas potential of these large resource areas to market in a timely manner.
“Low priced gas to consumers relies on large scale gas developments, low operating costs, low corporate overheads, and low processing and transportation costs.
“Gas is not only used for low emission electricity generation, but is essential as a feed stock for the manufacture of pharmaceuticals, plastics, explosives, bricks, glass, fertiliser, PPE and many more products.
“Gas is also critical for residential heating, cooking and hot water, which many people take for granted (80 % of houses in Victoria have mains gas connected).”
Beetaloo is about half-way between Alice Springs and Darwin. The company has gas assets also in the Bowen and Galilee basins.