Gas reserves replacement up but not for long

EAST coast gas reserves have been replaced and then some in 2022 but they are in danger of decline in the longer term, after a series of moves by Canberra to better regulate Australia’s gas and LNG export industry.

07 March 2023
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Reserves increased by more than production, in the Surat Basin by 635 petajoules and in the Bowen Basin by 186PJ, according to EnergyQuest's latest report.

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