<
https://reneweconomy.com.au/industry-accused-of-gaslighting-australians-over-future-of-beetaloo-fracking-operations/>
"The overwhelming majority of gas that would be produced from fracking the
Beetaloo Basin would be sent overseas for export according to a new analysis
that claims the industry has been “gaslighting” Australians over the projects.
The analysis from environmental finance group Market Forces examines claims by
gas pipeline outfit APA Group, that has advocated to open up the Beetaloo Basin
in the Northern Territory to fracking on the basis the resource is needed to
meet domestic energy demand.
Rather it finds that it would take 237 years to use the fracked NT gas in
Australia’s domestic market, making a mockery of claims that new projects like
Beetaloo are critical to support the transition to net-zero by 2050.
APA Group plans to build gas pipelines for two companies with developments in
the area, Beetaloo Energy Australia (formerly Empire Energy) and Tamboran
Resources.
Comparing the companies own gas production forecasts to demand forecasts in the
National Electricity Market (NEM), the group found the projects would produce
more than nine times the east coast’s gas demand over the next 25 years.
Market Forces CEO Will van de Pol said the analysis showed the majority of the
gas was destined to be exported, despite statements from companies such as
Tamboran Resources that half the gas it produced would be used for domestic
consumption.
“What it is, in reality, is an export project that is trying to buy social
licence by talking about a very small amount of domestic demand and trying to
claim that gas from the Beetaloo is needed to meet our domestic energy needs,
which is just not true,” he said.
When we talk about Australian domestic gas use, we’re talking about less than
20 percent of gas that is produced in the country. The biggest user of gas in
Australia is the LNG industry itself that uses its own gas for processing, for
export.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
