Gas giant ExxonMobil says the number of wells it operates in the Bass Strait could close to halve in the next eighteen months. But an expert says gas shortages can be avoided with the right policies.
abc.net.au/news/exxonmobil-warns-gas-production-in-bass-strait-will-drop/102133966Victoria's largest gas producer ExxonMobil has warned the number of wells it operates in the Bass Strait could almost halve in the next eighteen months.
"By next winter, we expect to have 36 wells producing to six gas platforms supplying two onshore gas plants; a 70-per-cent reduction in the number of producing wells since 2010," a transcript of his speech said. "However, for ExxonMobil's gas customers, we will continue to be a significant and reliable supplier of gas," Mr Berman told the Australian Domestic Gas Outlook conference.identified continued risks of near-term shortfalls and a longer-term supply gapThe regulator said extreme weather could mean gas shortfalls would occur as early as this winter, especially if coal and renewable alternatives to meet demand were unavailable.
"But we shouldn't have to compete against the rest of the world for something that comes out of our ground and our seabed."Enough gas to meet demand "The death of the Gippsland Basin gas has been much overstated. It's always been dying as far as I know and somehow every year … the aggregate that they get out of the Gippsland fields seems to be pretty constant, if not rising.
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