Bree.gov.au CEDA Unconventional Energy Options 3 September 2012 Challenges and Opportunities for Unconventional Gas Professor Quentin Grafton Bureau of.

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bree.gov.au CEDA Unconventional Energy Options 3 September 2012 Challenges and Opportunities for Unconventional Gas Professor Quentin Grafton Bureau of Resources and Energy Economics

bree.gov.au Global Gas Resources and Production

bree.gov.au Global Gas Resources

bree.gov.au Projected Gas Production Turkmenistan Saudi Arabia Australia Algeria Canada Qatar Iran China United States Russia Conventional Unconventional bcm Unconventional gas could represent 40% of total gas supplied Source: IEA 2011

bree.gov.au Projected Primary World Energy Demand Additional to OilCoalGasRenewablesNuclear Mtoe gas & renewables meet more than 60% of incremental energy demand Source: IEA 2011

bree.gov.au Australian Resources and Production

bree.gov.au Australia’s Gas Resources Source: Geoscience Australia2011

bree.gov.au Australian Gas Production

bree.gov.au LNG Exports (Volume & Value)

bree.gov.au Queensland LNG Projects Under Constructio n Investment (US$b) Train s Start Date Mt QCLNG GLNG APLNG Total

bree.gov.au Unconventional Gas production

bree.gov.au Unconventional Gas

bree.gov.au Coal Seam Gas Source: Williams and Pittock 2012

bree.gov.au Risks that Require Monitoring Well-bores and their integrity Water injection (hydraulic fracturing), extraction and storage Air quality and noise levels Traffic of vehicles

bree.gov.au Better Practices Full community engagement over local concerns (land access protocolos, disclosure, etc.) Effective risk management (venting of gas, water management, etc.) International Energy Agency (IEA) estimates that adopting Best Practices would increase costs of production by only about 10%

bree.gov.au Gas as a Transitional Fuel

bree.gov.au CO 2 Emissions during Electricity Generation (grams per kWh) Source: IGU 2012

bree.gov.au Reductions in CO 2 Emissions IEA estimates that with ‘Golden Rules’ in terms of unconventional gas production with adequate environmental practices in place global CO2 emissions would be 1.3% less in Globally, substitution of coal and oil by gas would projected to reduce global CO2 emissions by 740 Mt in 2035 In Australia, if gas substituted one-for-one for reductions in coal-fired electricity generation and based on BREE’s long-term energy projections by 2035 would have 15% less CO2 emissions in electricity generation sector.

bree.gov.au Thank you